Insigneo Advisory Services LLC Grows Stock Holdings in Pampa Energia S.A. (NYSE:PAM)

Insigneo Advisory Services LLC lifted its holdings in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) by 258.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,855 shares of the utilities provider's stock after acquiring an additional 6,385 shares during the quarter. Insigneo Advisory Services LLC's holdings in Pampa Energia were worth $684,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PAM. ABS Direct Equity Fund LLC grew its holdings in Pampa Energia by 73.0% during the first quarter. ABS Direct Equity Fund LLC now owns 29,750 shares of the utilities provider's stock valued at $2,297,000 after purchasing an additional 12,550 shares during the period. Assenagon Asset Management S.A. bought a new position in Pampa Energia during the first quarter valued at $459,000. GAMMA Investing LLC grew its holdings in Pampa Energia by 7,143.8% during the first quarter. GAMMA Investing LLC now owns 178,486 shares of the utilities provider's stock valued at $13,779,000 after purchasing an additional 176,022 shares during the period. Wellington Management Group LLP bought a new position in Pampa Energia during the fourth quarter valued at $1,512,000. Finally, Voloridge Investment Management LLC grew its holdings in Pampa Energia by 21.8% during the fourth quarter. Voloridge Investment Management LLC now owns 53,189 shares of the utilities provider's stock valued at $4,677,000 after purchasing an additional 9,514 shares during the period. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energia Stock Performance

Shares of Pampa Energia stock traded down $2.48 during trading hours on Friday, reaching $70.72. The company had a trading volume of 92,683 shares, compared to its average volume of 241,110. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.82 and a quick ratio of 1.58. Pampa Energia S.A. has a one year low of $38.58 and a one year high of $97.55. The firm has a market cap of $3.86 billion, a PE ratio of 7.68 and a beta of 1.18. The business has a fifty day simple moving average of $76.49 and a 200 day simple moving average of $80.49.

Pampa Energia (NYSE:PAM - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $487.63 million. On average, analysts anticipate that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PAM has been the subject of a number of analyst reports. Citigroup raised their price target on Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Wall Street Zen raised Pampa Energia from a "hold" rating to a "buy" rating in a report 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.