Pampa Energia S.A. $PAM Shares Sold by TT International Asset Management LTD

Key Points

• TT International Asset Management LTD has reduced its holdings in Pampa Energia S.A. by 16.5%, and the stock now represents 14.4% of its portfolio, making it the second largest position.
• Pampa Energia reported a loss in earnings for the last quarter, with an EPS of $0.70, significantly below the analysts' estimate of $2.35, alongside a revenue of $486 million versus an expected $632 million.
• Following recent analyst reviews, Pampa Energia has been upgraded by Zacks Research from a "strong sell" to a "hold" rating, contributing to an average recommendation of "hold" with a target price of $92.75.

TT International Asset Management LTD decreased its position in Pampa Energia S.A. (NYSE:PAM - Free Report) by 16.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,102,407 shares of the utilities provider's stock after selling 217,130 shares during the quarter. Pampa Energia accounts for about 14.4% of TT International Asset Management LTD's holdings, making the stock its 2nd biggest holding. TT International Asset Management LTD owned 2.02% of Pampa Energia worth $76,485,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PAM. Itau Unibanco Holding S.A. raised its holdings in Pampa Energia by 1,122.0% in the first quarter. Itau Unibanco Holding S.A. now owns 213,674 shares of the utilities provider's stock valued at $16,067,000 after acquiring an additional 196,188 shares in the last quarter. GAMMA Investing LLC raised its holdings in Pampa Energia by 7,143.8% in the first 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 in the last quarter. Millennium Management LLC raised its holdings in Pampa Energia by 85.4% in the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider's stock valued at $12,547,000 after acquiring an additional 74,841 shares in the last quarter. Helikon Investments Ltd raised its holdings in Pampa Energia by 11.2% in the first quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider's stock valued at $38,027,000 after acquiring an additional 49,709 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Pampa Energia by 9.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 557,474 shares of the utilities provider's stock valued at $43,037,000 after acquiring an additional 49,099 shares in the last quarter. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energia Stock Up 11.2%

Pampa Energia stock traded up $6.44 during mid-day trading on Monday, hitting $63.88. The company had a trading volume of 615,278 shares, compared to its average volume of 473,407. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 5.22 and a beta of 1.16. Pampa Energia S.A. has a 1 year low of $54.95 and a 1 year high of $97.55. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $69.54 and a 200 day moving average of $73.24.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its earnings results 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 business had revenue of $486.00 million during the quarter, compared to analyst estimates of $632.05 million. 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 topic of several analyst reports. Wall Street Zen raised shares of Pampa Energia from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Zacks Research upgraded shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $92.75.

Pampa Energia 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.