Banco BTG Pactual S.A. Increases Stock Holdings in Pampa Energia S.A. $PAM

Key Points

• Banco BTG Pactual S.A. significantly increased its stake in Pampa Energia S.A. by 223.5%, acquiring an additional 11,400 shares, bringing its total holdings to 16,500 shares valued at about $1.27 million.
• Pampa Energia reported a disappointing EPS of $0.70 for the quarter, missing estimates by $1.65, along with revenue of $486 million, below expectations of $632 million.
• Analyst ratings for Pampa Energia show a mixed outlook, with Citigroup adjusting its price target to $92.00 while the consensus rating remains a "Hold."

Banco BTG Pactual S.A. raised its stake in Pampa Energia S.A. (NYSE:PAM - Free Report) by 223.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,500 shares of the utilities provider's stock after purchasing an additional 11,400 shares during the period. Banco BTG Pactual S.A.'s holdings in Pampa Energia were worth $1,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in Pampa Energia in the 4th quarter valued at about $1,512,000. TT International Asset Management LTD raised its position in shares of Pampa Energia by 9.4% during the 1st quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider's stock worth $101,868,000 after acquiring an additional 112,934 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Pampa Energia during the 1st quarter worth about $459,000. Helikon Investments Ltd raised its position in shares of Pampa Energia by 11.2% during the 1st quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider's stock worth $38,027,000 after acquiring an additional 49,709 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Pampa Energia during the 4th quarter worth about $347,000. Institutional investors and hedge funds own 12.77% of the company's stock.

Analysts Set New Price Targets

PAM has been the topic of several research analyst reports. Zacks Research raised Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Citigroup raised their target price on Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Finally, Wall Street Zen raised Pampa Energia from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $85.83.

Pampa Energia Stock Performance

NYSE:PAM traded down $3.4950 during mid-day trading on Monday, reaching $66.9950. 499,723 shares of the stock were exchanged, compared to its average volume of 232,087. The company has a 50 day simple moving average of $72.87 and a 200-day simple moving average of $75.51. The stock has a market capitalization of $3.65 billion, a P/E ratio of 8.28, a P/E/G ratio of 4.55 and a beta of 1.15. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. Pampa Energia S.A. has a 1 year low of $50.44 and a 1 year high of $97.55.

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

Pampa Energia Company Profile

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.