Acadian Asset Management LLC Invests $1.16 Million in Pampa Energia S.A. $PAM

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

Other institutional investors have also modified their holdings of the company. Advisors Preferred LLC grew its holdings in shares of Pampa Energia by 158.9% during the 1st quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock worth $58,000 after purchasing an additional 448 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in shares of Pampa Energia during the 1st quarter worth about $186,000. Banco Santander S.A. purchased a new stake in shares of Pampa Energia during the 1st quarter worth about $221,000. Deltec Asset Management LLC purchased a new stake in shares of Pampa Energia during the 1st quarter worth about $232,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Pampa Energia during the 4th quarter worth about $236,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

Wall Street Analyst Weigh In

PAM has been the subject of a number of research reports. Wall Street Zen upgraded Pampa Energia from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Zacks Research upgraded Pampa Energia from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Pampa Energia currently has an average rating of "Hold" and an average price target of $92.75.

Pampa Energia Stock Performance

Shares of PAM opened at $60.03 on Thursday. The business's fifty day moving average price is $70.19 and its 200 day moving average price is $73.68. Pampa Energia S.A. has a 12-month low of $55.36 and a 12-month high of $97.55. The stock has a market capitalization of $3.37 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 5.61 and a beta of 1.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.70 and a quick ratio of 2.33.

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

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.

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