17,486 Shares in Pampa Energía S.A. (NYSE:PAM) Purchased by Itau Unibanco Holding S.A.

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAM. TT International Asset Management LTD lifted its position in shares of Pampa Energía by 250.9% during 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 purchasing an additional 862,723 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Pampa Energía by 167.1% in the 4th quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider's stock valued at $37,212,000 after buying an additional 264,706 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Pampa Energía by 27.6% in the fourth quarter. William Blair Investment Management LLC now owns 200,078 shares of the utilities provider's stock worth $17,595,000 after acquiring an additional 43,257 shares in the last quarter. Discovery Capital Management LLC CT boosted its holdings in Pampa Energía by 30.9% in the fourth quarter. Discovery Capital Management LLC CT now owns 152,207 shares of the utilities provider's stock valued at $13,385,000 after purchasing an additional 35,914 shares during the last quarter. Finally, Candriam S.C.A. acquired a new stake in Pampa Energía during the 4th quarter valued at approximately $8,038,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energía Stock Performance

NYSE PAM traded up $2.28 during trading hours on Tuesday, reaching $71.21. The company's stock had a trading volume of 84,476 shares, compared to its average volume of 260,385. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $75.49 and a 200 day simple moving average of $79.96. Pampa Energía S.A. has a 52 week low of $38.58 and a 52 week high of $97.55. The stock has a market cap of $3.88 billion, a PE ratio of 10.95 and a beta of 1.16.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $454.61 million. Equities research analysts predict that Pampa Energía S.A. will post 9.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their target price on Pampa Energía from $59.00 to $93.50 and gave the company a "neutral" rating in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $71.63.

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.