Pampa Energia S.A. $PAM Shares Sold by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC trimmed its position in Pampa Energia S.A. (NYSE:PAM - Free Report) by 15.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,054 shares of the utilities provider's stock after selling 4,696 shares during the period. Pampa Energia accounts for about 2.8% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 15th biggest holding. ABS Direct Equity Fund LLC's holdings in Pampa Energia were worth $1,738,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. raised its position in shares of Pampa Energia by 1,122.0% during the 1st quarter. Itau Unibanco Holding S.A. now owns 213,674 shares of the utilities provider's stock worth $16,067,000 after purchasing an additional 196,188 shares during the period. GAMMA Investing LLC raised its holdings in shares of Pampa Energia by 7,143.8% during the first quarter. GAMMA Investing LLC now owns 178,486 shares of the utilities provider's stock valued at $13,779,000 after buying an additional 176,022 shares during the last quarter. TT International Asset Management LTD raised its holdings in shares of Pampa Energia by 9.4% during the first quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider's stock valued at $101,868,000 after buying an additional 112,934 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Pampa Energia by 85.4% during the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider's stock valued at $12,547,000 after buying an additional 74,841 shares during the last quarter. Finally, Helikon Investments Ltd raised its holdings in shares of Pampa Energia by 11.2% during the first quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider's stock valued at $38,027,000 after buying an additional 49,709 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Pampa Energia Price Performance

NYSE PAM opened at $62.01 on Friday. The stock has a market capitalization of $3.38 billion, a P/E ratio of 7.65, a P/E/G ratio of 5.95 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 business's fifty day moving average is $68.96 and its two-hundred day moving average is $72.96. 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 posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.35 by ($1.65). Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. The company had revenue of $486.00 million during the quarter, compared to the consensus estimate of $632.05 million. On average, research analysts forecast that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on PAM. Wall Street Zen cut Pampa Energia from a "hold" rating to a "sell" rating in a report on Friday. Zacks Research raised Pampa Energia from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Pampa Energia presently has an average rating of "Hold" and a consensus price target of $92.75.

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.

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