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

Wellington Management Group LLP purchased a new stake in Pampa Energía S.A. (NYSE:PAM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,198 shares of the utilities provider's stock, valued at approximately $1,512,000.

Several other institutional investors have also recently added to or reduced their stakes in PAM. JPMorgan Chase & Co. raised its position in shares of 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Pampa Energía by 58.7% during the fourth 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 during the period. Balyasny Asset Management L.P. acquired a new position in shares of Pampa Energía during the fourth quarter worth approximately $8,556,000. Candriam S.C.A. acquired a new position in shares of Pampa Energía during the fourth quarter worth approximately $8,038,000. Finally, Alberta Investment Management Corp acquired a new position in shares of Pampa Energía during the fourth quarter worth approximately $7,047,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PAM. Wall Street Zen raised Pampa Energía from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Citigroup upped their target price on Pampa Energía from $88.00 to $92.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th.

Pampa Energía Stock Up 0.7%

Pampa Energía stock traded up $0.53 during trading on Friday, hitting $74.16. 135,622 shares of the company were exchanged, compared to its average volume of 247,765. The business's 50 day moving average is $75.42 and its 200 day moving average is $81.24. Pampa Energía S.A. has a 52 week low of $38.58 and a 52 week high of $97.55. The company has a market capitalization of $4.04 billion, a P/E ratio of 11.41 and a beta of 1.18. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.89. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The business had revenue of $414.00 million during the quarter, compared to the consensus estimate of $487.63 million. Analysts predict that Pampa Energía S.A. will post 9.33 earnings per share for the current year.

About Pampa Energía

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.