Acadian Asset Management LLC Acquires New Stake in Pampa Energia S.A. $PAM

Key Points

• Acadian Asset Management LLC acquired 15,078 shares of Pampa Energia S.A., worth about $1,164,000, during the first quarter.
• Pampa Energia's stock has experienced a decline of 6.1%, currently trading at $56.43, with its market capitalization at $3.28 billion.
• The company's recent earnings report showed a EPS of $0.70, falling short of the expected $2.35, indicating potential challenges in meeting revenue estimates.

Acadian Asset Management LLC acquired a new position in Pampa Energia S.A. (NYSE:PAM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,078 shares of the utilities provider's stock, valued at approximately $1,164,000.

Several other large investors have also recently bought and sold shares of the business. Advisors Preferred LLC raised its position in Pampa Energia by 158.9% in the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock worth $58,000 after acquiring an additional 448 shares in the last quarter. Two Sigma Investments LP raised its position in Pampa Energia by 0.6% in the fourth quarter. Two Sigma Investments LP now owns 80,034 shares of the utilities provider's stock worth $7,038,000 after acquiring an additional 473 shares in the last quarter. LWM Advisory Services LLC raised its position in Pampa Energia by 11.7% in the first quarter. LWM Advisory Services LLC now owns 5,291 shares of the utilities provider's stock worth $408,000 after acquiring an additional 555 shares in the last quarter. Townsquare Capital LLC raised its position in Pampa Energia by 6.5% in the first quarter. Townsquare Capital LLC now owns 14,397 shares of the utilities provider's stock worth $1,111,000 after acquiring an additional 878 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Pampa Energia by 19.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,044 shares of the utilities provider's stock worth $544,000 after acquiring an additional 1,129 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company's stock.

Pampa Energia Price Performance

Shares of PAM traded up $0.84 during trading hours on Friday, reaching $57.39. 771,703 shares of the company traded hands, compared to its average volume of 473,407. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $3.13 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 5.22 and a beta of 1.16. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $97.55. The stock has a fifty day simple moving average of $69.68 and a 200 day simple moving average of $73.35.

Pampa Energia (NYSE:PAM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $2.35 by ($1.65). The company had revenue of $486.00 million for the quarter, compared to analyst estimates of $632.05 million. Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. As a group, research analysts predict that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PAM shares. Wall Street Zen raised Pampa Energia from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Zacks Research raised Pampa Energia from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Pampa Energia has a consensus rating of "Hold" and an average target price of $92.75.

About Pampa Energia

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.