MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stake in Pampa Energía S.A. (NYSE:PAM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Pampa Energía S.A. (NYSE:PAM - Free Report) by 58.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 508,375 shares of the utilities provider's stock after acquiring an additional 188,114 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.93% of Pampa Energía worth $44,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position 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 valued at $9,513,000 after purchasing an additional 45,409 shares during the last quarter. Diversify Wealth Management LLC boosted its stake 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 valued at $1,716,000 after purchasing an additional 2,971 shares during the period. DGS Capital Management LLC acquired a new position in Pampa Energía in the 4th quarter valued at $282,000. PFG Investments LLC acquired a new position in Pampa Energía in the 4th quarter valued at $226,000. Finally, Blue Trust Inc. increased its position in Pampa Energía by 62.7% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock worth $59,000 after buying an additional 259 shares during the period. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energía Trading Up 4.4%

Shares of PAM traded up $3.63 during trading hours on Monday, hitting $85.90. 103,130 shares of the stock were exchanged, compared to its average volume of 255,278. The firm has a market capitalization of $4.69 billion, a P/E ratio of 13.16 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. Pampa Energía S.A. has a fifty-two week low of $38.58 and a fifty-two week high of $97.55. The business has a 50-day moving average of $75.81 and a 200-day moving average of $80.65.

Pampa Energía (NYSE:PAM - Get Free Report) last posted 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 business had revenue of $414.00 million during the quarter, compared to analysts' expectations of $487.63 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. On average, research analysts expect that Pampa Energía S.A. will post 9.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Pampa Energía from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Pampa Energía presently has an average rating of "Hold" and an average target price of $71.63.

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.