Vestmark Advisory Solutions Inc. bought a new stake in Pampa Energía S.A. (NYSE:PAM – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,052 shares of the utilities provider’s stock, valued at approximately $364,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in shares of Pampa Energía by 2.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 13,627 shares of the utilities provider’s stock worth $435,000 after purchasing an additional 315 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its position in shares of Pampa Energía by 8.1% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 20,775 shares of the utilities provider’s stock worth $664,000 after purchasing an additional 1,553 shares during the last quarter. UBS Group AG increased its position in shares of Pampa Energía by 106.0% during the 3rd quarter. UBS Group AG now owns 3,757 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 1,933 shares during the last quarter. Whittier Trust Co. increased its position in shares of Pampa Energía by 16.8% during the 1st quarter. Whittier Trust Co. now owns 14,191 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 2,040 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Pampa Energía during the 1st quarter worth approximately $100,000. Institutional investors and hedge funds own 14.58% of the company’s stock.
Analysts Set New Price Targets
Several research firms have weighed in on PAM. StockNews.com began coverage on Pampa Energía in a research report on Thursday. They set a “hold” rating on the stock. Bank of America started coverage on Pampa Energía in a research note on Wednesday, August 2nd. They set a “buy” rating for the company.
Pampa Energía Stock Performance
Shares of NYSE PAM opened at $44.46 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.55 and a debt-to-equity ratio of 0.50. Pampa Energía S.A. has a 12 month low of $21.93 and a 12 month high of $46.90. The stock has a 50 day moving average of $42.27 and a 200-day moving average of $36.82. The company has a market capitalization of $2.46 billion, a P/E ratio of 4.10, a P/E/G ratio of 0.39 and a beta of 0.79.
Pampa Energía (NYSE:PAM – Get Free Report) last issued its earnings results on Wednesday, August 9th. The utilities provider reported $3.01 EPS for the quarter, topping the consensus estimate of $1.44 by $1.57. Pampa Energía had a return on equity of 23.96% and a net margin of 32.22%. The company had revenue of $464.00 million during the quarter, compared to the consensus estimate of $435.14 million. During the same period in the previous year, the company posted $1.20 EPS. As a group, equities research analysts predict that Pampa Energía S.A. will post 7.84 EPS for the current year.
About Pampa Energía
Pampa Energía SA operates as an independent energy integrated company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal generation plants, thermal gas-fired thermal generation plants, and hydroelectric power generation systems, as well as through a wind farm.
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