Bank of America Corp DE Buys 6,090 Shares of Pampa Energía S.A. (NYSE:PAM)

Bank of America Corp DE raised its position in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 160.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 reporting period.

A number of other large investors have also added to or reduced their stakes in PAM. Advisors Preferred LLC purchased a new position in shares of Pampa Energía in the fourth quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pampa Energía in the fourth quarter worth about $49,000. Blue Trust Inc. grew its stake in shares of Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock worth $59,000 after purchasing an additional 259 shares during the last quarter. Compass Group LLC bought a new stake in shares of Pampa Energía in the fourth quarter worth about $152,000. Finally, Virtu Financial LLC bought a new stake in shares of Pampa Energía in the fourth quarter worth about $209,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

Pampa Energía Stock Down 0.3%

Pampa Energía stock traded down $0.26 during trading hours on Wednesday, hitting $75.76. 198,489 shares of the stock traded hands, compared to its average volume of 247,026. The firm's 50-day moving average price is $75.49 and its two-hundred day moving average price is $81.08. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The company has a market cap of $4.13 billion, a PE ratio of 11.66 and a beta of 1.18. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55.

Pampa Energía (NYSE:PAM - Get Free Report) last posted its quarterly earnings data 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 Energía had a return on equity of 12.15% and a net margin of 19.86%. The business had revenue of $414.00 million for the quarter, compared to analysts' expectations of $487.63 million. On average, research analysts forecast that Pampa Energía S.A. will post 9.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PAM shares. Citigroup raised their target price on Pampa Energía from $88.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Wall Street Zen raised Pampa Energía from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st.

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.