Pampa Energia S.A. $PAM Shares Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC has increased its stake in Pampa Energia S.A. by 16.7%, holding 35,549 shares worth approximately $2.75 million as of the latest SEC filing.
• Pampa Energia reported an earnings per share (EPS) of $0.70 for the last quarter, significantly missing analysts' expectations of $2.35, while revenues reached $486 million.
• Analyst ratings for Pampa Energia have shifted, with Zacks Research upgrading the stock from "strong sell" to "hold," and Citigroup increasing the price target from $88.00 to $92.00.

Hsbc Holdings PLC increased its holdings in Pampa Energia S.A. (NYSE:PAM - Free Report) by 16.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,549 shares of the utilities provider's stock after acquiring an additional 5,088 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Pampa Energia worth $2,754,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PAM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Pampa Energia by 58.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 508,375 shares of the utilities provider's stock worth $44,706,000 after acquiring an additional 188,114 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Pampa Energia by 7,143.8% in the first quarter. GAMMA Investing LLC now owns 178,486 shares of the utilities provider's stock worth $13,779,000 after acquiring an additional 176,022 shares in the last quarter. TT International Asset Management LTD lifted its stake in shares of Pampa Energia by 9.4% in the first quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider's stock worth $101,868,000 after acquiring an additional 112,934 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Pampa Energia in the fourth quarter worth about $8,556,000. Finally, Brevan Howard Capital Management LP lifted its position in shares of Pampa Energia by 27.0% during the fourth quarter. Brevan Howard Capital Management LP now owns 258,348 shares of the utilities provider's stock worth $22,786,000 after purchasing an additional 54,923 shares during the last quarter. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energia Stock Performance

Shares of NYSE PAM opened at $67.79 on Wednesday. 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 firm's 50-day moving average price is $72.61 and its two-hundred day moving average price is $75.36. Pampa Energia S.A. has a 52-week low of $50.47 and a 52-week high of $97.55. The stock has a market capitalization of $3.70 billion, a P/E ratio of 8.36, a P/E/G ratio of 4.28 and a beta of 1.15.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research raised shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Wall Street Zen raised shares of Pampa Energia from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Citigroup increased their price target 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. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $85.83.

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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