Northern Trust Corp Takes $551,000 Position in Pampa Energía S.A. (NYSE:PAM)

Northern Trust Corp bought a new stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,271 shares of the utilities provider's stock, valued at approximately $551,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PAM. Advisors Preferred LLC bought a new stake in Pampa Energía during the 4th quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Pampa Energía during the fourth quarter valued at approximately $49,000. Blue Trust Inc. grew its holdings in shares of 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 buying an additional 259 shares during the last quarter. Compass Group LLC bought a new stake in shares of Pampa Energía during the fourth quarter valued at approximately $152,000. Finally, Virtu Financial LLC purchased a new position in Pampa Energía in the 4th quarter worth approximately $209,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PAM has been the topic of several analyst reports. Wall Street Zen raised Pampa Energía from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Citigroup boosted their price target on Pampa Energía from $88.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th.

Pampa Energía Stock Performance

Shares of NYSE PAM traded down $4.96 during trading on Wednesday, reaching $71.71. 231,410 shares of the company traded hands, compared to its average volume of 251,529. The firm has a 50 day simple moving average of $75.59 and a 200-day simple moving average of $81.33. Pampa Energía S.A. has a 52-week low of $38.58 and a 52-week high of $97.55. The stock has a market capitalization of $3.91 billion, a PE ratio of 11.03 and a beta of 1.16. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.89. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $414.00 million for the quarter, compared to analysts' expectations of $487.63 million. Equities research analysts anticipate that Pampa Energía S.A. will post 9.33 earnings per share for the current year.

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.