Hsbc Holdings PLC Lowers Position in Pampa Energía S.A. (NYSE:PAM)

Hsbc Holdings PLC cut its stake in Pampa Energía S.A. (NYSE:PAM - Free Report) by 17.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,461 shares of the utilities provider's stock after selling 6,412 shares during the quarter. Hsbc Holdings PLC owned approximately 0.06% of Pampa Energía worth $2,680,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PAM. Tidal Investments LLC purchased a new position in shares of Pampa Energía in the third quarter valued at approximately $997,000. JPMorgan Chase & Co. raised its stake in Pampa Energía by 40.2% in the 3rd 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. GAMMA Investing LLC lifted its holdings in Pampa Energía by 75.9% in the 4th quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider's stock valued at $217,000 after purchasing an additional 1,063 shares in the last quarter. TT International Asset Management LTD boosted 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 worth $106,108,000 after purchasing an additional 862,723 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its holdings in shares of Pampa Energía by 19.7% during the fourth quarter. Diversify Wealth Management LLC now owns 18,081 shares of the utilities provider's stock worth $1,716,000 after buying an additional 2,971 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price target on shares of Pampa Energía from $59.00 to $93.50 and gave the stock 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $71.63.

Pampa Energía Trading Up 1.5 %

NYSE:PAM traded up $1.06 during trading hours on Tuesday, hitting $69.99. The company had a trading volume of 26,546 shares, compared to its average volume of 260,129. The company has a 50-day moving average of $75.49 and a 200 day moving average of $79.96. 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 company has a market cap of $3.82 billion, a P/E ratio of 10.75 and a beta of 1.16. Pampa Energía S.A. has a 1 year low of $38.58 and a 1 year high of $97.55.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its earnings results on Wednesday, March 5th. The utilities provider reported $1.90 EPS for the quarter. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $454.61 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. Sell-side analysts expect 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.