Wellington Management Group LLP Purchases Shares of 17,198 Pampa Energía S.A. (NYSE:PAM)

Wellington Management Group LLP purchased a new stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 17,198 shares of the utilities provider's stock, valued at approximately $1,512,000.

A number of other large investors have also recently modified their holdings of the business. Advisors Preferred LLC purchased a new stake in Pampa Energía in the fourth quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Pampa Energía in the 4th quarter worth $49,000. Blue Trust Inc. raised its position in shares of Pampa Energía by 62.7% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock valued at $59,000 after buying an additional 259 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Pampa Energía during the 4th quarter worth $209,000. Finally, QRG Capital Management Inc. purchased a new position in Pampa Energía in the fourth quarter worth $210,000. Institutional investors own 12.77% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price target 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Pampa Energía presently has an average rating of "Hold" and an average price target of $71.63.

Pampa Energía Trading Up 3.0 %

Pampa Energía stock traded up $2.29 during mid-day trading on Friday, hitting $78.56. The company's stock had a trading volume of 155,175 shares, compared to its average volume of 266,585. The business has a 50 day moving average price of $76.80 and a 200-day moving average price of $78.87. Pampa Energía S.A. has a 12 month low of $38.58 and a 12 month high of $97.55. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 12.09 and a beta of 0.94. 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 (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. The company had revenue of $435.00 million during the quarter, compared to analysts' expectations of $454.61 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. As a group, analysts forecast that Pampa Energía S.A. will post 9.33 EPS 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.