Shilanski & Associates Inc. bought a new position in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,250 shares of the utilities provider's stock, valued at approximately $328,000.
A number of other institutional investors have also added to or reduced their stakes in the business. TT International Asset Management LTD boosted its position in shares of Pampa Energia by 9.4% during the 1st quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider's stock valued at $101,868,000 after acquiring an additional 112,934 shares during the last quarter. Deltec Asset Management LLC bought a new stake in Pampa Energia during the first quarter valued at approximately $232,000. Insigneo Advisory Services LLC grew its stake in Pampa Energia by 258.5% in the 1st quarter. Insigneo Advisory Services LLC now owns 8,855 shares of the utilities provider's stock worth $684,000 after buying an additional 6,385 shares in the last quarter. ABS Direct Equity Fund LLC grew its stake in Pampa Energia by 73.0% in the 1st quarter. ABS Direct Equity Fund LLC now owns 29,750 shares of the utilities provider's stock worth $2,297,000 after buying an additional 12,550 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Pampa Energia in the 1st quarter worth $459,000. 12.77% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
PAM has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Pampa Energia from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Citigroup raised their price target on Pampa Energia from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, May 19th.
Get Our Latest Report on Pampa Energia
Pampa Energia Price Performance
NYSE PAM traded up $2.36 on Thursday, reaching $72.40. 82,878 shares of the company's stock traded hands, compared to its average volume of 224,514. The stock has a market cap of $3.95 billion, a PE ratio of 7.86 and a beta of 1.13. Pampa Energia S.A. has a 12 month low of $38.58 and a 12 month high of $97.55. The stock has a 50-day simple moving average of $75.42 and a 200 day simple moving average of $79.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.82 and a quick ratio of 1.58.
Pampa Energia (NYSE:PAM - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.89. The company had revenue of $414.00 million during the quarter, compared to analysts' expectations of $487.63 million. Pampa Energia had a net margin of 26.73% and a return on equity of 15.29%. As a group, research analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current year.
Pampa Energia Profile
(
Free Report)
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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