Wellington Management Group LLP Takes Position in Pampa Energía S.A. (NYSE:PAM)

Wellington Management Group LLP acquired a new stake in Pampa Energía S.A. (NYSE:PAM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 17,198 shares of the utilities provider's stock, valued at approximately $1,512,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Pampa Energía by 58.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 508,375 shares of the utilities provider's stock worth $44,706,000 after purchasing an additional 188,114 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Pampa Energía by 167.1% during the fourth quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider's stock worth $37,212,000 after purchasing an additional 264,706 shares during the period. Brevan Howard Capital Management LP grew its stake in Pampa Energía 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 buying an additional 54,923 shares in the last quarter. William Blair Investment Management LLC grew its stake in Pampa Energía by 27.6% during the fourth quarter. William Blair Investment Management LLC now owns 200,078 shares of the utilities provider's stock worth $17,595,000 after buying an additional 43,257 shares in the last quarter. Finally, Discovery Capital Management LLC CT increased its holdings in Pampa Energía by 30.9% in the 4th quarter. Discovery Capital Management LLC CT now owns 152,207 shares of the utilities provider's stock valued at $13,385,000 after buying an additional 35,914 shares during the period. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energía Price Performance

NYSE:PAM traded up $2.90 during trading hours on Tuesday, hitting $75.90. The company's stock had a trading volume of 224,195 shares, compared to its average volume of 246,919. Pampa Energía S.A. has a twelve month low of $38.58 and a twelve month high of $97.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The stock has a fifty day simple moving average of $75.34 and a 200-day simple moving average of $81.11. The company has a market capitalization of $4.14 billion, a P/E ratio of 11.68 and a beta of 1.18.

Pampa Energía (NYSE:PAM - Get Free Report) last posted its earnings results on Monday, May 12th. The utilities provider reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.89. The firm had revenue of $414.00 million during the quarter, compared to analysts' expectations of $487.63 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. On average, analysts anticipate that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

Analysts Set New Price Targets

PAM has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Pampa Energía from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Citigroup boosted their price objective on shares of Pampa Energía from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, May 19th.

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.