15,000 Shares in Pampa Energía S.A. (NYSE:PAM) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp acquired a new position in Pampa Energía S.A. (NYSE:PAM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the utilities provider’s stock, valued at approximately $743,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PointState Capital LP grew its stake in Pampa Energía by 37.6% in the 3rd quarter. PointState Capital LP now owns 672,570 shares of the utilities provider’s stock worth $25,127,000 after acquiring an additional 183,650 shares in the last quarter. Helikon Investments Ltd grew its stake in Pampa Energía by 44.7% in the 3rd quarter. Helikon Investments Ltd now owns 471,566 shares of the utilities provider’s stock worth $17,618,000 after acquiring an additional 145,702 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Pampa Energía by 62.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 143,890 shares of the utilities provider’s stock worth $7,125,000 after acquiring an additional 55,187 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in Pampa Energía by 3.5% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 138,849 shares of the utilities provider’s stock worth $5,187,000 after acquiring an additional 4,740 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in Pampa Energía by 219.6% in the 3rd quarter. Quadrature Capital Ltd now owns 56,662 shares of the utilities provider’s stock worth $2,114,000 after acquiring an additional 38,934 shares in the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energía Price Performance

NYSE PAM opened at $43.86 on Friday. 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 firm’s 50 day moving average price is $42.75 and its 200-day moving average price is $43.92. Pampa Energía S.A. has a 52-week low of $32.10 and a 52-week high of $52.17. The company has a market cap of $2.39 billion, a PE ratio of 8.02, a P/E/G ratio of 0.44 and a beta of 0.95.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on PAM shares. StockNews.com downgraded shares of Pampa Energía from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Citigroup dropped their target price on shares of Pampa Energía from $55.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.33.

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.