Virtu Financial LLC Acquires 5,506 Shares of Pampa Energia S.A. $PAM

Key Points

• Virtu Financial LLC significantly increased its stake in Pampa Energia S.A. by 231.8%, owning 7,881 shares worth approximately $608,000 after acquiring an additional 5,506 shares in the first quarter.
• Pampa Energia reported $0.70 earnings per share for the quarter, falling short of analysts’ expectations of $2.35, while revenue of $486 million also missed the forecast of $632.05 million.
• Several analysts have upgraded their ratings on Pampa Energia, with Citigroup raising the target price from $88.00 to $92.00 and changing the rating to neutral.

Virtu Financial LLC grew its holdings in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) by 231.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,881 shares of the utilities provider's stock after buying an additional 5,506 shares during the quarter. Virtu Financial LLC's holdings in Pampa Energia were worth $608,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PAM. LPL Financial LLC grew its holdings in Pampa Energia 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 buying an additional 293 shares in the last quarter. Insigneo Advisory Services LLC bought a new stake in shares of Pampa Energia in the 4th quarter worth $217,000. Marshall Wace LLP bought a new stake in shares of Pampa Energia in the 4th quarter worth $1,672,000. First Trust Advisors LP purchased a new stake in shares of Pampa Energia in the fourth quarter valued at about $347,000. Finally, Seldon Capital LP bought a new position in shares of Pampa Energia during the fourth quarter valued at about $6,164,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PAM. Wall Street Zen raised shares of Pampa Energia from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Citigroup increased their price target on Pampa Energia from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, May 19th.

Pampa Energia Stock Performance

PAM traded up $1.29 during trading on Monday, hitting $75.61. 42,925 shares of the company traded hands, compared to its average volume of 230,022. The firm has a market cap of $4.12 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 4.80 and a beta of 1.15. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. Pampa Energia S.A. has a one year low of $50.26 and a one year high of $97.55. The stock's fifty day moving average is $73.21 and its 200 day moving average is $76.01.

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