Tidal Investments LLC Sells 11,719 Shares of Pampa Energía S.A. (NYSE:PAM)

Tidal Investments LLC lessened its holdings in Pampa Energía S.A. (NYSE:PAM - Free Report) by 70.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,894 shares of the utilities provider's stock after selling 11,719 shares during the period. Tidal Investments LLC's holdings in Pampa Energía were worth $430,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. PFG Investments LLC bought a new stake in Pampa Energía during the fourth quarter worth about $226,000. Blue Trust Inc. grew its stake in Pampa Energía by 62.7% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock worth $59,000 after buying an additional 259 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in Pampa Energía by 2.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 12,811 shares of the utilities provider's stock worth $1,127,000 after buying an additional 344 shares during the last quarter. Yorktown Management & Research Co Inc grew its stake in Pampa Energía by 79.2% during the fourth quarter. Yorktown Management & Research Co Inc now owns 12,900 shares of the utilities provider's stock worth $1,134,000 after buying an additional 5,700 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Pampa Energía during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 12.77% of the company's stock.

Wall Street Analyst Weigh In

PAM has been the topic of several research analyst reports. Citigroup upped their price objective on shares of Pampa Energía from $88.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Wall Street Zen raised shares of Pampa Energía from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st.

Pampa Energía Price Performance

Shares of PAM traded up $1.45 during mid-day trading on Tuesday, hitting $76.62. 151,681 shares of the company traded hands, compared to its average volume of 252,179. Pampa Energía 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 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average of $75.75 and a 200 day moving average of $81.40. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 11.79 and a beta of 1.16.

Pampa Energía (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 Energía had a net margin of 19.86% and a return on equity of 12.15%. 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 Energía S.A. will post 9.33 earnings per share for the current fiscal year.

Pampa Energía 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.