5,946 Shares in Pampa Energia S.A. (NYSE:PAM) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. purchased a new stake in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,946 shares of the utilities provider's stock, valued at approximately $459,000.

A number of other hedge funds also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in Pampa Energia by 8.2% during the fourth quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider's stock valued at $341,000 after acquiring an additional 293 shares during the period. Two Sigma Investments LP boosted its holdings in Pampa Energia by 0.6% during the fourth quarter. Two Sigma Investments LP now owns 80,034 shares of the utilities provider's stock valued at $7,038,000 after acquiring an additional 473 shares during the period. Compass Group LLC bought a new stake in Pampa Energia during the fourth quarter valued at about $152,000. Virtu Financial LLC bought a new stake in Pampa Energia during the fourth quarter valued at about $209,000. Finally, QRG Capital Management Inc. bought a new stake in Pampa Energia during the fourth quarter valued at about $210,000. 12.77% of the stock is currently owned by institutional investors.

Pampa Energia Stock Performance

Shares of NYSE PAM traded down $2.48 during mid-day trading on Friday, hitting $70.72. The company had a trading volume of 92,683 shares, compared to its average volume of 241,286. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.82 and a quick ratio of 1.58. The business's 50-day simple moving average is $76.49 and its 200-day simple moving average is $80.53. Pampa Energia S.A. has a 12 month low of $38.58 and a 12 month high of $97.55. The firm has a market cap of $3.86 billion, a P/E ratio of 7.68 and a beta of 1.18.

Pampa Energia (NYSE:PAM - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.89. Pampa Energia had a net margin of 26.73% and a return on equity of 15.29%. The business had revenue of $414.00 million during the quarter, compared to analysts' expectations of $487.63 million. As a group, analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PAM has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Pampa Energia from $88.00 to $92.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of Pampa Energia from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st.

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.