Assenagon Asset Management S.A. Invests $459,000 in Pampa Energia S.A. (NYSE:PAM)

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 the company in its most recent 13F filing with the SEC. The fund purchased 5,946 shares of the utilities provider's stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC increased its stake in Pampa Energia by 7,143.8% during the 1st quarter. GAMMA Investing LLC now owns 178,486 shares of the utilities provider's stock valued at $13,779,000 after purchasing an additional 176,022 shares in the last quarter. Wellington Management Group LLP purchased a new position in Pampa Energia during the 4th quarter worth $1,512,000. Voloridge Investment Management LLC boosted its holdings in Pampa Energia by 21.8% during the 4th quarter. Voloridge Investment Management LLC now owns 53,189 shares of the utilities provider's stock worth $4,677,000 after acquiring an additional 9,514 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Pampa Energia by 122.9% during the 4th quarter. Two Sigma Advisers LP now owns 10,700 shares of the utilities provider's stock worth $941,000 after acquiring an additional 5,900 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Pampa Energia by 0.6% during the 4th 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 during the last quarter. Institutional investors own 12.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Pampa Energia from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Citigroup lifted their target price on Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th.

Pampa Energia Stock Performance

Pampa Energia stock traded down $0.25 during midday trading on Monday, reaching $70.55. The stock had a trading volume of 166,996 shares, compared to its average volume of 240,814. Pampa Energia S.A. has a 12 month low of $38.58 and a 12 month high of $97.55. The firm's 50-day moving average price is $76.36 and its 200 day moving average price is $80.33. The firm has a market capitalization of $3.85 billion, a PE ratio of 7.66 and a beta of 1.18. The company has a quick ratio of 1.58, a current ratio of 1.82 and a debt-to-equity ratio of 0.38.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its quarterly 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 return on equity of 15.29% and a net margin of 26.73%. The firm had revenue of $414.00 million for the quarter, compared to analysts' expectations of $487.63 million. As a group, research analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal 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.