Pampa Energia S.A. (NYSE:PAM) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lessened its holdings in Pampa Energia S.A. (NYSE:PAM - Free Report) by 37.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,018 shares of the utilities provider's stock after selling 4,793 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Pampa Energia were worth $619,000 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 business. Compass Group LLC bought a new stake in Pampa Energia in the fourth quarter valued at $152,000. Virtu Financial LLC bought a new stake in Pampa Energia in the fourth quarter valued at $209,000. Insigneo Advisory Services LLC bought a new stake in Pampa Energia in the fourth quarter valued at $217,000. Deltec Asset Management LLC bought a new stake in Pampa Energia in the first quarter valued at $232,000. Finally, Ameriprise Financial Inc. bought a new stake in Pampa Energia in the fourth quarter valued at $236,000. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energia Price Performance

Shares of NYSE PAM opened at $68.55 on Monday. Pampa Energia S.A. has a fifty-two week low of $38.58 and a fifty-two week high of $97.55. The firm's 50-day simple moving average is $75.15 and its 200 day simple moving average is $78.61. The company has a quick ratio of 1.58, a current ratio of 1.82 and a debt-to-equity ratio of 0.38. The stock has a market cap of $3.74 billion, a P/E ratio of 7.44 and a beta of 1.13.

Pampa Energia (NYSE:PAM - Get Free Report) last issued its quarterly earnings data 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. Pampa Energia had a net margin of 26.73% and a return on equity of 15.29%. The business had revenue of $414.00 million for the quarter, compared to analysts' expectations of $487.63 million. Equities analysts expect that Pampa Energia S.A. will post 9.33 EPS for the current year.

Wall Street Analysts Forecast Growth

PAM has been the topic of a number of recent research reports. Wall Street Zen upgraded Pampa Energia from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Citigroup raised their target price on Pampa Energia from $88.00 to $92.00 and gave the company a "neutral" rating in a research note on Monday, May 19th.

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.

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