Pampa Energía S.A. (NYSE:PAM) Stock Holdings Lessened by Millennium Management LLC

Millennium Management LLC lowered its stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 69.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,680 shares of the utilities provider's stock after selling 203,007 shares during the quarter. Millennium Management LLC owned about 0.16% of Pampa Energía worth $7,711,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PAM. Blue Trust Inc. grew its position in Pampa Energía by 62.7% during 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 period. Advisors Preferred LLC purchased a new stake in shares of Pampa Energía during the 4th quarter worth about $26,000. LPL Financial LLC increased its position in Pampa Energía by 8.2% during the 4th quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider's stock worth $341,000 after purchasing an additional 293 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in Pampa Energía by 2.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 12,811 shares of the utilities provider's stock valued at $1,127,000 after buying an additional 344 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Pampa Energía in the fourth quarter valued at approximately $49,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Pampa Energía Price Performance

PAM traded down $1.60 on Friday, reaching $76.59. The company had a trading volume of 87,136 shares, compared to its average volume of 253,417. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $76.12 and a 200-day moving average of $81.31. The company has a market capitalization of $4.18 billion, a P/E ratio of 11.78 and a beta of 1.16.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its earnings results 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 Energía had a return on equity of 12.15% and a net margin of 19.86%. The company had revenue of $414.00 million for the quarter, compared to analyst estimates of $487.63 million. As a group, equities research analysts anticipate that Pampa Energía S.A. will post 9.33 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have 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 report on Wednesday, May 21st. Citigroup increased their target price on Pampa Energía from $88.00 to $92.00 and gave the stock a "neutral" rating in a report on Monday, May 19th.

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.