Pampa Energia S.A. $PAM is TT International Asset Management LTD's 5th Largest Position

Key Points

• TT International cut its stake by 60.6% in Q4, selling 497,978 shares and retaining 323,322 shares of Pampa (about 0.59% of the company, worth roughly $28.6M), making PAM its 5th largest holding (≈6.0% of the firm's portfolio).
• Significant insider selling: VP Damian Miguel Mindlin sold 500,000 shares on March 31 at an average $3.57, and insiders sold 1,286,977 shares over the past three months; corporate insiders now own 55.52% of the stock.
• Analysts lean positive: MarketBeat shows a consensus rating of "Moderate Buy" with an average target of $105, recent upgrades from HSBC and others, while PAM trades with a market cap of $4.75B and a P/E of 12.61.

TT International Asset Management LTD cut its stake in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) by 60.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 323,322 shares of the utilities provider's stock after selling 497,978 shares during the quarter. Pampa Energia accounts for about 6.0% of TT International Asset Management LTD's investment portfolio, making the stock its 5th largest holding. TT International Asset Management LTD owned approximately 0.59% of Pampa Energia worth $28,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Moneda S.A. Administradora General de Fondos purchased a new stake in Pampa Energia during the 3rd quarter valued at about $2,998,000. Brevan Howard Capital Management LP boosted its holdings in Pampa Energia by 161.7% during the 3rd quarter. Brevan Howard Capital Management LP now owns 101,553 shares of the utilities provider's stock valued at $6,099,000 after acquiring an additional 62,750 shares during the period. Balyasny Asset Management L.P. raised its position in Pampa Energia by 68.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 174,078 shares of the utilities provider's stock valued at $10,455,000 after purchasing an additional 70,862 shares during the last quarter. UBS Group AG raised its position in Pampa Energia by 67.6% during the 3rd quarter. UBS Group AG now owns 57,477 shares of the utilities provider's stock valued at $3,452,000 after purchasing an additional 23,184 shares during the last quarter. Finally, Barometer Capital Management Inc. raised its position in Pampa Energia by 78.0% during the 3rd quarter. Barometer Capital Management Inc. now owns 10,500 shares of the utilities provider's stock valued at $631,000 after purchasing an additional 4,600 shares during the last quarter. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Damian Miguel Mindlin sold 500,000 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $3.57, for a total value of $1,785,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 1,286,977 shares of company stock valued at $4,489,316. 55.52% of the stock is currently owned by corporate insiders.

Pampa Energia Stock Up 0.9%

Shares of NYSE:PAM opened at $87.37 on Friday. Pampa Energia S.A. has a 52-week low of $54.95 and a 52-week high of $94.50. The firm has a market capitalization of $4.75 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.47 and a beta of 1.06. The stock has a 50 day moving average price of $83.25 and a 200-day moving average price of $81.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.75 and a current ratio of 3.11.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its earnings results on Sunday, February 15th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%.The firm had revenue of $507.00 million during the quarter. As a group, equities research analysts anticipate that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on PAM. HSBC raised Pampa Energia from a "hold" rating to a "buy" rating and upped their price target for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Pampa Energia in a research report on Thursday, January 22nd. Wall Street Zen raised Pampa Energia from a "hold" rating to a "strong-buy" rating in a research report on Saturday, March 14th. Finally, Zacks Research raised Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $105.00.

Pampa Energia Profile

Pampa Energía SA is Argentina's largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina's power grid.

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