William Blair Investment Management LLC Buys 5,450 Shares of Pampa Energia S.A. $PAM

Key Points

• William Blair Investment Management LLC increased its stake in Pampa Energia S.A. by 6.5%, acquiring an additional 5,450 shares, bringing its total ownership to 89,640 shares valued at approximately $6.2 million.
• Pampa Energia has received mixed analyst ratings, with Wall Street Zen upgrading the stock to a "hold" while Zacks Research downgraded it to a "strong sell," resulting in an average rating of "Reduce" and a target price of $92.75.
• The stock's performance shows volatility, having a 12-month low of $54.95 and a high of $97.55, with current trading opening at $60.10 and a market cap of $3.28 billion.

William Blair Investment Management LLC increased its stake in Pampa Energia S.A. (NYSE:PAM - Free Report) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,640 shares of the utilities provider's stock after buying an additional 5,450 shares during the quarter. William Blair Investment Management LLC owned about 0.16% of Pampa Energia worth $6,219,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PAM. Itau Unibanco Holding S.A. lifted its position in Pampa Energia by 1,122.0% in the first quarter. Itau Unibanco Holding S.A. now owns 213,674 shares of the utilities provider's stock worth $16,067,000 after buying an additional 196,188 shares during the last quarter. Millennium Management LLC lifted its position in Pampa Energia by 85.4% in the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider's stock worth $12,547,000 after buying an additional 74,841 shares during the last quarter. Helikon Investments Ltd lifted its position in Pampa Energia by 11.2% in the first quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider's stock worth $38,027,000 after buying an additional 49,709 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Pampa Energia by 9.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 557,474 shares of the utilities provider's stock worth $43,037,000 after buying an additional 49,099 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Pampa Energia in the first quarter worth $3,460,000. 12.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PAM has been the subject of several research analyst reports. Wall Street Zen upgraded Pampa Energia from a "sell" rating to a "hold" rating in a research report on Saturday. Zacks Research downgraded Pampa Energia from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Pampa Energia in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $92.75.

Pampa Energia Stock Performance

Shares of Pampa Energia stock opened at $60.10 on Tuesday. The firm has a market cap of $3.28 billion, a P/E ratio of 7.41, a P/E/G ratio of 5.92 and a beta of 1.10. The company has a current ratio of 2.70, a quick ratio of 2.33 and a debt-to-equity ratio of 0.39. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $97.55. The stock's fifty day moving average price is $64.82 and its 200-day moving average price is $70.98.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.70 EPS for the quarter, missing the consensus estimate of $2.35 by ($1.65). The firm had revenue of $486.00 million for the quarter, compared to analysts' expectations of $632.05 million. Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. On average, equities research analysts expect that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

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.

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