Mirae Asset Global Investments Co. Ltd. Has $7.13 Million Stock Holdings in Pampa Energía S.A. (NYSE:PAM)

Mirae Asset Global Investments Co. Ltd. grew its holdings in Pampa Energía S.A. (NYSE:PAM - Free Report) by 62.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 143,890 shares of the utilities provider's stock after purchasing an additional 55,187 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.26% of Pampa Energía worth $7,125,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in Pampa Energía by 31.6% during the first quarter. Envestnet Asset Management Inc. now owns 14,137 shares of the utilities provider's stock worth $334,000 after buying an additional 3,393 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in Pampa Energía during the first quarter worth about $88,000. Renaissance Technologies LLC grew its position in Pampa Energía by 143.5% during the first quarter. Renaissance Technologies LLC now owns 76,860 shares of the utilities provider's stock worth $1,816,000 after buying an additional 45,300 shares in the last quarter. UBS Group AG grew its position in Pampa Energía by 726.1% during the first quarter. UBS Group AG now owns 4,560 shares of the utilities provider's stock worth $108,000 after buying an additional 4,008 shares in the last quarter. Finally, Eaton Vance Management grew its position in Pampa Energía by 420,600.0% during the first quarter. Eaton Vance Management now owns 210,350 shares of the utilities provider's stock worth $4,971,000 after buying an additional 210,300 shares in the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energía Price Performance

NYSE PAM traded down $0.94 during trading on Friday, reaching $45.18. 402,109 shares of the company traded hands, compared to its average volume of 454,653. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.16 and a current ratio of 2.56. The stock's 50 day moving average price is $42.94 and its two-hundred day moving average price is $43.62. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 0.44 and a beta of 0.95. Pampa Energía S.A. has a 1-year low of $32.10 and a 1-year high of $52.17.

Pampa Energía (NYSE:PAM - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.44) by ($1.46). The company had revenue of $362.00 million for the quarter, compared to analyst estimates of $395.56 million. Pampa Energía had a net margin of 17.45% and a return on equity of 10.84%. As a group, analysts anticipate that Pampa Energía S.A. will post 7.02 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Pampa Energía from a "buy" rating to a "hold" rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $36.50.

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.