Dorsey Wright & Associates Reduces Position in Pampa Energia S.A. (NYSE:PAM)

Dorsey Wright & Associates decreased its stake in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) by 10.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,768 shares of the utilities provider's stock after selling 5,421 shares during the period. Dorsey Wright & Associates owned 0.09% of Pampa Energia worth $3,765,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Advisors Preferred LLC boosted its holdings in shares of Pampa Energia by 158.9% during the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock worth $58,000 after purchasing an additional 448 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Pampa Energia by 33.3% during the first quarter. Diversify Advisory Services LLC now owns 5,819 shares of the utilities provider's stock worth $428,000 after purchasing an additional 1,454 shares during the last quarter. Ping Capital Management Inc. boosted its holdings in shares of Pampa Energia by 451.5% during the first quarter. Ping Capital Management Inc. now owns 43,567 shares of the utilities provider's stock worth $3,363,000 after purchasing an additional 35,667 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of Pampa Energia during the first quarter worth $186,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Pampa Energia by 19.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,044 shares of the utilities provider's stock valued at $544,000 after acquiring an additional 1,129 shares during the last quarter. Institutional investors and hedge funds own 12.77% of the company's stock.

Wall Street Analyst Weigh In

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

Pampa Energia Stock Up 0.6%

NYSE:PAM traded up $0.41 during mid-day trading on Friday, hitting $74.38. The company had a trading volume of 316,544 shares, compared to its average volume of 202,723. The business has a fifty day simple moving average of $74.02 and a 200-day simple moving average of $77.35. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. Pampa Energia S.A. has a 1 year low of $38.58 and a 1 year high of $97.55. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 8.08 and a beta of 1.13.

Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.81 EPS 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 company had revenue of $414.00 million for the quarter, compared to analyst estimates of $487.63 million. Equities analysts forecast that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal 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.