MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 49,099 Shares of Pampa Energia S.A. $PAM

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Pampa Energia S.A. by 9.7% in Q1 2023, owning 557,474 shares valued at approximately $43 million.
• Pampa Energia's stock has a consensus rating of "Hold" among analysts, with a price target range between $85.83 and $92.00.
• The company reported disappointing earnings, with EPS of $0.70, missing the consensus estimate of $2.35, and revenue of $486 million, below estimates of $632 million.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Pampa Energia S.A. (NYSE:PAM - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 557,474 shares of the utilities provider's stock after acquiring an additional 49,099 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.02% of Pampa Energia worth $43,037,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PAM. Wellington Management Group LLP bought a new stake in Pampa Energia in the 4th quarter valued at about $1,512,000. TT International Asset Management LTD lifted its position in Pampa Energia by 9.4% during the first quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider's stock valued at $101,868,000 after purchasing an additional 112,934 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Pampa Energia during the first quarter valued at approximately $459,000. Helikon Investments Ltd grew its position in Pampa Energia by 11.2% during the first quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider's stock valued at $38,027,000 after acquiring an additional 49,709 shares during the last quarter. Finally, Banco BTG Pactual S.A. grew its position in Pampa Energia by 223.5% during the first quarter. Banco BTG Pactual S.A. now owns 16,500 shares of the utilities provider's stock valued at $1,274,000 after acquiring an additional 11,400 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PAM. Wall Street Zen lowered Pampa Energia from a "hold" rating to a "sell" rating in a research note on Friday. Citigroup upped their price target on Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Finally, Zacks Research raised Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. One equities 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 stock currently has a consensus rating of "Hold" and a consensus price target of $85.83.

Pampa Energia Trading Up 0.0%

Shares of PAM stock opened at $68.03 on Friday. Pampa Energia S.A. has a 52-week low of $54.91 and a 52-week high of $97.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.33 and a current ratio of 2.70. The firm has a market capitalization of $3.71 billion, a PE ratio of 8.39, a PEG ratio of 4.39 and a beta of 1.16. The stock has a fifty day simple moving average of $71.95 and a two-hundred day simple moving average of $74.64.

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

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