Virtu Financial LLC Purchases 5,506 Shares of Pampa Energia S.A. (NYSE: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 boosted its stake in Pampa Energia S.A. (NYSE:PAM - Free Report) by 231.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,881 shares of the utilities provider's stock after purchasing an additional 5,506 shares during the period. Virtu Financial LLC's holdings in Pampa Energia were worth $608,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Advisors Preferred LLC grew its stake in shares of Pampa Energia by 158.9% in the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock worth $58,000 after purchasing an additional 448 shares during the last quarter. Compass Group LLC bought a new stake in shares of Pampa Energia in the 4th quarter valued at about $152,000. Burns Matteson Capital Management LLC acquired a new stake in shares of Pampa Energia in the first quarter valued at about $186,000. Insigneo Advisory Services LLC bought a new position in shares of Pampa Energia during the fourth quarter worth about $217,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Pampa Energia in the fourth quarter worth approximately $236,000. Institutional investors and hedge funds own 12.77% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on PAM shares. 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 objective 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.

Pampa Energia Trading Down 0.2%

Shares of Pampa Energia stock traded down $0.12 on Friday, reaching $74.16. 72,844 shares of the company's stock were exchanged, compared to its average volume of 260,778. The company has a market capitalization of $4.04 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 4.79 and a beta of 1.15. Pampa Energia S.A. has a 52 week low of $50.26 and a 52 week high of $97.55. The firm's 50-day moving average is $73.21 and its two-hundred day moving average is $76.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.33 and a current ratio of 2.70.

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

Pampa Energia 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.