Millennium Management LLC Sells 203,007 Shares of Pampa Energía S.A. (NYSE:PAM)

Millennium Management LLC trimmed its holdings 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 SEC. The institutional investor owned 87,680 shares of the utilities provider's stock after selling 203,007 shares during the quarter. Millennium Management LLC owned 0.16% of Pampa Energía worth $7,711,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in PAM. Blue Trust Inc. lifted its holdings in Pampa Energía by 62.7% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock valued at $59,000 after purchasing an additional 259 shares during the last quarter. Advisors Preferred LLC bought a new stake in Pampa Energía in the fourth quarter valued at approximately $26,000. LPL Financial LLC raised its position in shares of Pampa Energía by 8.2% during the fourth quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider's stock worth $341,000 after purchasing an additional 293 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Pampa Energía by 2.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 12,811 shares of the utilities provider's stock valued at $1,127,000 after purchasing an additional 344 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Pampa Energía in the 4th quarter valued at $49,000. 12.77% of the stock is owned by institutional investors.

Pampa Energía Price Performance

PAM traded down $1.54 during trading on Friday, reaching $76.65. The stock had a trading volume of 122,564 shares, compared to its average volume of 252,988. The business has a 50-day moving average of $75.97 and a 200-day moving average of $81.40. The stock has a market cap of $4.18 billion, a PE ratio of 11.79 and a beta of 1.16. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.81 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 business had revenue of $414.00 million for the quarter, compared to analysts' expectations of $487.63 million. As a group, equities research analysts anticipate that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Pampa Energía from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Citigroup raised their target price on Pampa Energía from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, May 19th.

Pampa Energía 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.