Helikon Investments Ltd Acquires 49,709 Shares of Pampa Energia S.A. (NYSE:PAM)

Key Points

• Helikon Investments Ltd increased its stake in Pampa Energia S.A. by 11.2%, purchasing an additional 49,709 shares in the first quarter, bringing its total ownership to 492,578 shares.
• Pampa Energia's recent earnings report showed a missed consensus estimate of $2.35 per share, reporting only $0.70 and revenues of $486 million compared to expectations of $632 million.
• The stock has seen significant institutional interest, with hedge funds and other investors now owning 12.77% of the company's stock amid various new stakes acquired by different investors.

Helikon Investments Ltd grew its holdings in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 492,578 shares of the utilities provider's stock after purchasing an additional 49,709 shares during the quarter. Pampa Energia makes up 2.9% of Helikon Investments Ltd's investment portfolio, making the stock its 11th largest holding. Helikon Investments Ltd owned 0.90% of Pampa Energia worth $38,027,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. LPL Financial LLC increased its holdings in Pampa Energia by 8.2% in the 4th quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider's stock worth $341,000 after acquiring an additional 293 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Pampa Energia in the 4th quarter worth about $1,512,000. BTG Pactual Asset Management US LLC purchased a new stake in Pampa Energia in the 4th quarter worth about $326,000. Insigneo Advisory Services LLC bought a new position in Pampa Energia in the 4th quarter worth about $217,000. Finally, Marshall Wace LLP bought a new position in Pampa Energia in the 4th quarter worth about $1,672,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energia Stock Down 0.1%

Shares of NYSE PAM traded down $0.09 during mid-day trading on Wednesday, hitting $76.01. 110,627 shares of the stock traded hands, compared to its average volume of 231,625. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.33 and a current ratio of 2.70. Pampa Energia S.A. has a 52 week low of $50.26 and a 52 week high of $97.55. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 4.88 and a beta of 1.15. The stock has a fifty day moving average price of $73.10 and a 200-day moving average price of $76.29.

Pampa Energia (NYSE:PAM - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $0.70 EPS for the quarter, missing the consensus estimate of $2.35 by ($1.65). Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%. The company had revenue of $486.00 million during the quarter, compared to the consensus estimate of $632.05 million. Research analysts anticipate that Pampa Energia S.A. will post 9.33 EPS for the current year.

Analyst Ratings Changes

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

Pampa Energia 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.