Pampa Energia S.A. (NYSE:PAM) is TT International Asset Management LTD's Largest Position

TT International Asset Management LTD increased its stake in Pampa Energia S.A. (NYSE:PAM - Free Report) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,319,537 shares of the utilities provider's stock after purchasing an additional 112,934 shares during the quarter. Pampa Energia makes up approximately 14.9% of TT International Asset Management LTD's portfolio, making the stock its biggest holding. TT International Asset Management LTD owned 2.42% of Pampa Energia worth $101,868,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Pampa Energia by 167.1% during the 4th quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider's stock valued at $37,212,000 after acquiring an additional 264,706 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Pampa Energia by 58.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 508,375 shares of the utilities provider's stock valued at $44,706,000 after acquiring an additional 188,114 shares during the period. GAMMA Investing LLC raised its holdings in Pampa Energia by 7,143.8% during the 1st quarter. GAMMA Investing LLC now owns 178,486 shares of the utilities provider's stock valued at $13,779,000 after acquiring an additional 176,022 shares during the period. Balyasny Asset Management L.P. bought a new stake in Pampa Energia during the 4th quarter valued at $8,556,000. Finally, Candriam S.C.A. bought a new stake in Pampa Energia during the 4th quarter valued at $8,038,000. Institutional investors own 12.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PAM. Citigroup boosted their target price 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. Wall Street Zen raised shares of Pampa Energia from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.

Pampa Energia Price Performance

Shares of Pampa Energia stock traded down $2.48 during trading on Friday, hitting $70.72. The stock had a trading volume of 92,683 shares, compared to its average volume of 241,110. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 7.68 and a beta of 1.18. Pampa Energia S.A. has a 12 month low of $38.58 and a 12 month high of $97.55. The business's 50-day moving average is $76.49 and its 200 day moving average is $80.44. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38.

Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.89. The firm had revenue of $414.00 million for the quarter, compared to analysts' expectations of $487.63 million. Pampa Energia had a net margin of 26.73% and a return on equity of 15.29%. As a group, sell-side analysts anticipate that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

About Pampa Energia

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.