Hsbc Holdings PLC Trims Stake in Pampa Energía S.A. (NYSE:PAM)

Hsbc Holdings PLC trimmed its position in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Preferred LLC bought a new position in shares of Pampa Energía in the 4th quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Pampa Energía during the fourth quarter worth about $49,000. Blue Trust Inc. raised its holdings in shares of Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock valued at $59,000 after purchasing an additional 259 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Pampa Energía during the 4th quarter worth about $209,000. Finally, QRG Capital Management Inc. acquired a new position in Pampa Energía during the fourth quarter valued at approximately $210,000. 12.77% of the stock is owned by institutional investors and hedge funds.

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 research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $71.63.

Pampa Energía Trading Up 1.2 %

NYSE:PAM traded up $0.84 on Friday, reaching $71.09. 109,266 shares of the stock traded hands, compared to its average volume of 261,594. Pampa Energía S.A. has a 1-year low of $38.58 and a 1-year high of $97.55. The company's 50 day moving average is $75.65 and its 200-day moving average is $79.87. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 10.94 and a beta of 0.94. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 EPS 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 during the quarter, compared to analysts' expectations of $454.61 million. Equities research analysts anticipate that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

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.