TT International Asset Management LTD Boosts Holdings in Pampa Energia S.A. (NYSE:PAM)

TT International Asset Management LTD grew its position in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,319,537 shares of the utilities provider's stock after purchasing an additional 112,934 shares during the quarter. Pampa Energia comprises approximately 14.9% of TT International Asset Management LTD's investment portfolio, making the stock its largest position. TT International Asset Management LTD owned approximately 2.42% of Pampa Energia worth $101,868,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PAM. LWM Advisory Services LLC bought a new stake in shares of Pampa Energia during the fourth quarter worth about $416,000. QRG Capital Management Inc. bought a new stake in shares of Pampa Energia during the fourth quarter worth about $210,000. Candriam S.C.A. bought a new stake in shares of Pampa Energia during the fourth quarter worth about $8,038,000. EverSource Wealth Advisors LLC increased its position in shares of Pampa Energia by 306.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,369 shares of the utilities provider's stock worth $472,000 after acquiring an additional 4,047 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of Pampa Energia by 27.6% during the fourth quarter. William Blair Investment Management LLC now owns 200,078 shares of the utilities provider's stock worth $17,595,000 after acquiring an additional 43,257 shares in the last quarter. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energia Stock Performance

PAM traded up $1.40 during midday trading on Tuesday, reaching $72.02. The company had a trading volume of 124,509 shares, compared to its average volume of 240,748. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.82. The stock has a market cap of $3.93 billion, a PE ratio of 7.67 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 has a 50-day moving average price of $76.36 and a two-hundred day moving average price of $80.33.

Pampa Energia (NYSE:PAM - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates 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%. On average, sell-side analysts expect that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.