GAMMA Investing LLC Acquires 176,022 Shares of Pampa Energía S.A. (NYSE:PAM)

GAMMA Investing LLC lifted its holdings in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 7,143.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,486 shares of the utilities provider's stock after purchasing an additional 176,022 shares during the quarter. GAMMA Investing LLC owned 0.33% of Pampa Energía worth $13,779,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Advisors Preferred LLC bought a new position in shares of Pampa Energía during the fourth quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Pampa Energía in the fourth quarter valued at approximately $49,000. Blue Trust Inc. increased its stake in Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock valued at $59,000 after acquiring an additional 259 shares during the last quarter. Compass Group LLC bought a new position in Pampa Energía in the fourth quarter valued at approximately $152,000. Finally, Virtu Financial LLC bought a new position in Pampa Energía in the fourth quarter valued at approximately $209,000. 12.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Pampa Energía Price Performance

Shares of NYSE:PAM opened at $74.16 on Friday. The firm has a market cap of $4.04 billion, a PE ratio of 11.41 and a beta of 1.18. The firm's fifty day moving average is $75.42 and its 200-day moving average is $81.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. Pampa Energía S.A. has a 52 week low of $38.58 and a 52 week high of $97.55.

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

Pampa Energía Company 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.

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