Ping Capital Management Inc. Increases Position in Pampa Energia S.A. (NYSE:PAM)

Ping Capital Management Inc. increased its holdings in Pampa Energia S.A. (NYSE:PAM - Free Report) by 451.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,567 shares of the utilities provider's stock after purchasing an additional 35,667 shares during the period. Pampa Energia makes up 1.2% of Ping Capital Management Inc.'s portfolio, making the stock its 10th biggest position. Ping Capital Management Inc. owned about 0.08% of Pampa Energia worth $3,363,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PAM. Burns Matteson Capital Management LLC acquired a new stake in shares of Pampa Energia during the first quarter worth approximately $186,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Pampa Energia by 19.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,044 shares of the utilities provider's stock worth $544,000 after buying an additional 1,129 shares in the last quarter. Diversify Wealth Management LLC increased its holdings in shares of Pampa Energia by 12.3% during the first quarter. Diversify Wealth Management LLC now owns 20,296 shares of the utilities provider's stock worth $1,492,000 after buying an additional 2,215 shares in the last quarter. Shilanski & Associates Inc. acquired a new stake in shares of Pampa Energia during the first quarter worth approximately $328,000. Finally, TT International Asset Management LTD increased 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 worth $101,868,000 after buying an additional 112,934 shares in the last quarter. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energia Price Performance

Shares of PAM traded up $0.53 during mid-day trading on Friday, hitting $71.45. 114,820 shares of the company traded hands, compared to its average volume of 239,360. Pampa Energia S.A. has a one year low of $38.58 and a one year high of $97.55. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $75.08 and a 200 day moving average of $78.17. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 7.76 and a beta of 1.13.

Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.81 EPS for the quarter, beating the consensus estimate 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. As a group, equities analysts expect that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of Pampa Energia from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Citigroup increased their price target on shares of 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.