Bank of America Corp DE Boosts Stake in Pampa Energía S.A. (NYSE:PAM)

Bank of America Corp DE lifted its stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 160.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,896 shares of the utilities provider's stock after purchasing an additional 6,090 shares during the period. Bank of America Corp DE's holdings in Pampa Energía were worth $870,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Advisors Preferred LLC purchased a new position in Pampa Energía in the 4th quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Pampa Energía during the 4th quarter valued at $49,000. Blue Trust Inc. grew its position in shares of Pampa Energía by 62.7% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock valued at $59,000 after purchasing an additional 259 shares in the last quarter. Compass Group LLC bought a new stake in shares of Pampa Energía during the 4th quarter worth $152,000. Finally, Virtu Financial LLC bought a new stake in shares of Pampa Energía during the 4th quarter worth $209,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

Wall Street Analysts Forecast Growth

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

Pampa Energía Stock Performance

Pampa Energía stock opened at $74.16 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.04 billion, a PE ratio of 11.41 and a beta of 1.18. The firm has a fifty day simple moving average of $75.42 and a two-hundred day simple moving average of $81.24. Pampa Energía S.A. has a twelve month low of $38.58 and a twelve month high of $97.55.

Pampa Energía (NYSE:PAM - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.89. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The firm had revenue of $414.00 million for the quarter, compared to analysts' expectations of $487.63 million. Research analysts expect that Pampa Energía S.A. will post 9.33 EPS for the current year.

About Pampa Energía

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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