Itau Unibanco Holding S.A. Makes New Investment in Pampa Energía S.A. (NYSE:PAM)

Itau Unibanco Holding S.A. purchased a new stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,486 shares of the utilities provider's stock, valued at approximately $1,535,000.

A number of other hedge funds have also modified their holdings of PAM. Tidal Investments LLC bought a new position in Pampa Energía in the 3rd quarter worth $997,000. JPMorgan Chase & Co. boosted its stake in shares of Pampa Energía by 40.2% in the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider's stock worth $9,513,000 after acquiring an additional 45,409 shares during the period. GAMMA Investing LLC grew its position in shares of Pampa Energía by 75.9% during the fourth quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider's stock worth $217,000 after purchasing an additional 1,063 shares in the last quarter. TT International Asset Management LTD raised its stake in Pampa Energía by 250.9% during the 4th quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider's stock valued at $106,108,000 after purchasing an additional 862,723 shares during the period. Finally, Diversify Wealth Management LLC lifted its holdings in Pampa Energía by 19.7% in the 4th quarter. Diversify Wealth Management LLC now owns 18,081 shares of the utilities provider's stock worth $1,716,000 after purchasing an additional 2,971 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price objective on shares of Pampa Energía from $59.00 to $93.50 and gave the company a "neutral" rating in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Pampa Energía currently has a consensus rating of "Hold" and an average price target of $71.63.

Pampa Energía Price Performance

Shares of NYSE PAM traded down $2.13 during midday trading on Monday, reaching $69.09. 122,682 shares of the stock traded hands, compared to its average volume of 261,039. The company's 50 day moving average is $75.65 and its 200 day moving average is $79.95. Pampa Energía S.A. has a one year low of $38.58 and a one year 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 market capitalization of $3.77 billion, a PE ratio of 10.63 and a beta of 0.94.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 EPS for the quarter. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The business had revenue of $435.00 million during the quarter, compared to analysts' expectations of $454.61 million. On average, equities research analysts anticipate that Pampa Energía S.A. will post 9.33 earnings per share for the current year.

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.