Helikon Investments Ltd Purchases 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 increased its position in Pampa Energia S.A. (NYSE:PAM - Free Report) by 11.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 492,578 shares of the utilities provider's stock after buying an additional 49,709 shares during the period. Pampa Energia comprises approximately 2.9% of Helikon Investments Ltd's holdings, making the stock its 11th largest position. Helikon Investments Ltd owned 0.90% of Pampa Energia worth $38,027,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. LPL Financial LLC boosted 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 buying an additional 293 shares during the period. Advisors Preferred LLC lifted its stake in Pampa Energia by 158.9% in the 1st quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock worth $58,000 after purchasing an additional 448 shares in the last quarter. Two Sigma Investments LP lifted its stake in Pampa Energia by 0.6% in the 4th quarter. Two Sigma Investments LP now owns 80,034 shares of the utilities provider's stock worth $7,038,000 after purchasing an additional 473 shares in the last quarter. Townsquare Capital LLC lifted its stake in Pampa Energia by 6.5% in the 1st quarter. Townsquare Capital LLC now owns 14,397 shares of the utilities provider's stock worth $1,111,000 after purchasing an additional 878 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Pampa Energia by 19.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,044 shares of the utilities provider's stock worth $544,000 after purchasing an additional 1,129 shares in the last quarter. Institutional investors own 12.77% of the company's stock.

Pampa Energia Price Performance

PAM stock traded down $2.65 during mid-day trading on Friday, hitting $74.56. The company had a trading volume of 437,607 shares, compared to its average volume of 270,046. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 4.82 and a beta of 1.15. Pampa Energia S.A. has a 12-month low of $48.38 and a 12-month high of $97.55. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $73.10 and a 200 day moving average price of $76.36.

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

Analyst Ratings Changes

Several analysts have commented on PAM shares. Citigroup boosted their price target on shares of Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Wall Street Zen upgraded shares of Pampa Energia from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st.

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.