Pampa Energia S.A. $PAM Shares Bought by Itau Unibanco Holding S.A.

Key Points

• Itau Unibanco Holding S.A. significantly increased its stake in Pampa Energia S.A. by 1,122% in Q1, acquiring an additional 196,188 shares, now owning 213,674 shares worth approximately $16 million.
• Pampa Energia's stock has faced a decline of 2.3%, currently trading at $66.28, with a 52-week range between $50.47 and $97.55.
• In its latest earnings report, Pampa Energia reported an EPS of $0.70, missing expectations by $1.65, with a revenue of $486 million against a forecast of $632 million.

Itau Unibanco Holding S.A. raised its holdings in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) by 1,122.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 213,674 shares of the utilities provider's stock after purchasing an additional 196,188 shares during the quarter. Itau Unibanco Holding S.A. owned 0.39% of Pampa Energia worth $16,067,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Titan Global Capital Management USA LLC bought a new position in shares of Pampa Energia in the 1st quarter valued at about $772,000. Banco BTG Pactual S.A. lifted its stake in shares of Pampa Energia by 223.5% in the 1st quarter. Banco BTG Pactual S.A. now owns 16,500 shares of the utilities provider's stock valued at $1,274,000 after purchasing an additional 11,400 shares during the last quarter. Hsbc Holdings PLC lifted its position in Pampa Energia by 16.7% in the first quarter. Hsbc Holdings PLC now owns 35,549 shares of the utilities provider's stock worth $2,754,000 after buying an additional 5,088 shares during the last quarter. Quantbot Technologies LP bought a new stake in Pampa Energia in the first quarter worth $336,000. Finally, LWM Advisory Services LLC lifted its holdings in shares of Pampa Energia by 11.7% in the 1st quarter. LWM Advisory Services LLC now owns 5,291 shares of the utilities provider's stock worth $408,000 after acquiring an additional 555 shares during the last quarter. Institutional investors own 12.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Pampa Energia from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Zacks Research raised Pampa Energia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Finally, Citigroup lifted their price objective on shares of Pampa Energia from $88.00 to $92.00 and gave the company a "neutral" rating in a report on Monday, May 19th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $85.83.

Pampa Energia Stock Down 0.7%

Shares of PAM stock traded down $0.47 on Monday, hitting $67.42. The stock had a trading volume of 138,482 shares, compared to its average volume of 273,430. Pampa Energia S.A. has a one year low of $51.76 and a one year 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 market cap of $3.68 billion, a PE ratio of 8.31, a P/E/G ratio of 4.36 and a beta of 1.16. The business has a 50 day moving average price of $72.30 and a 200 day moving average price of $75.08.

Pampa Energia (NYSE:PAM - Get Free Report) last posted its quarterly 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). The business had revenue of $486.00 million during the quarter, compared to the consensus estimate of $632.05 million. Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. Research analysts anticipate that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Pampa Energia 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.