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

Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in Pampa Energia in the fourth quarter worth approximately $1,512,000. TT International Asset Management LTD lifted its stake in Pampa Energia by 9.4% in the first 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 during the last quarter. Assenagon Asset Management S.A. purchased a new position in Pampa Energia in the first quarter worth approximately $459,000. Helikon Investments Ltd lifted its stake in Pampa Energia by 11.2% in the first 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 during the last quarter. Finally, First Trust Advisors LP purchased a new position in Pampa Energia in the fourth quarter worth approximately $347,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PAM shares. Citigroup lifted their price target on shares of Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Zacks Research upgraded shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Monday. Finally, Wall Street Zen upgraded shares of Pampa Energia from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $85.83.

Pampa Energia Stock Performance

NYSE:PAM traded down $0.9130 during trading hours on Friday, reaching $70.3070. 422,123 shares of the company's stock were exchanged, compared to its average volume of 250,394. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 4.60 and a beta of 1.15. The company has a 50-day moving average of $72.87 and a 200 day moving average of $75.64. 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 issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.35 by ($1.65). The business had revenue of $486.00 million for the quarter, compared to analyst estimates of $632.05 million. Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%. Research analysts anticipate that Pampa Energia S.A. will post 9.33 EPS for the current year.

Pampa Energia 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.