First Trust Advisors LP Purchases Shares of 3,951 Pampa Energía S.A. (NYSE:PAM)

First Trust Advisors LP purchased a new stake in Pampa Energía S.A. (NYSE:PAM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,951 shares of the utilities provider's stock, valued at approximately $347,000.

A number of other hedge funds have also made changes to their positions in the stock. TT International Asset Management LTD boosted its holdings in shares of Pampa Energía by 250.9% in the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider's stock worth $106,108,000 after buying an additional 862,723 shares during the period. JPMorgan Chase & Co. grew its position in Pampa Energía by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider's stock worth $9,513,000 after buying an additional 45,409 shares in the last quarter. ABS Direct Equity Fund LLC grew its position in Pampa Energía by 186.7% in the fourth quarter. ABS Direct Equity Fund LLC now owns 17,200 shares of the utilities provider's stock valued at $1,513,000 after acquiring an additional 11,200 shares during the period. Verde Servicos Internacionais S.A. bought a new position in Pampa Energía during the 4th quarter valued at about $308,000. Finally, DGS Capital Management LLC bought a new stake in Pampa Energía during the 4th quarter worth about $282,000. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energía Trading Down 0.6%

Shares of PAM traded down $0.54 during mid-day trading on Thursday, reaching $83.56. 47,998 shares of the company were exchanged, compared to its average volume of 255,166. The business has a 50 day simple moving average of $75.54 and a two-hundred day simple moving average of $80.24. The stock has a market capitalization of $4.56 billion, a PE ratio of 12.88 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. Pampa Energía S.A. has a 52 week low of $38.58 and a 52 week high of $97.55.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $487.63 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. On average, analysts predict that Pampa Energía S.A. will post 9.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Pampa Energía from a "buy" rating to a "hold" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $71.63.

Pampa Energía 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.