Pampa Energía S.A. (NYSE:PAM) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 7,143.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 178,486 shares of the utilities provider's stock after buying an additional 176,022 shares during the quarter. GAMMA Investing LLC owned about 0.33% of Pampa Energía worth $13,779,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in Pampa Energía by 167.1% during the 4th quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider's stock worth $37,212,000 after purchasing an additional 264,706 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Pampa Energía by 58.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 508,375 shares of the utilities provider's stock worth $44,706,000 after buying an additional 188,114 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Pampa Energía during the fourth quarter worth about $8,556,000. Candriam S.C.A. acquired a new position in Pampa Energía in the 4th quarter valued at about $8,038,000. Finally, Alberta Investment Management Corp acquired a new position in Pampa Energía in the 4th quarter valued at about $7,047,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energía Price Performance

Shares of PAM stock traded up $2.90 during trading hours on Tuesday, hitting $75.90. The company's stock had a trading volume of 224,195 shares, compared to its average volume of 246,919. 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 business has a fifty day moving average of $75.34 and a 200-day moving average of $81.11. Pampa Energía S.A. has a twelve month low of $38.58 and a twelve month high of $97.55. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 11.68 and a beta of 1.18.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $414.00 million during the quarter, compared to the consensus estimate of $487.63 million. As a group, equities research analysts anticipate that Pampa Energía S.A. will post 9.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PAM. Wall Street Zen raised Pampa Energía from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Citigroup upped their price target on Pampa Energía from $88.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th.

Pampa Energía 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.