851 Shares in Pampa Energía S.A. (NYSE:PAM) Purchased by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in Pampa Energía S.A. (NYSE:PAM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 851 shares of the utilities provider’s stock, valued at approximately $41,000.

A number of other institutional investors have also recently made changes to their positions in the company. PointState Capital LP lifted its holdings in shares of Pampa Energía by 37.6% during the third quarter. PointState Capital LP now owns 672,570 shares of the utilities provider’s stock valued at $25,127,000 after purchasing an additional 183,650 shares in the last quarter. Helikon Investments Ltd boosted its holdings in shares of Pampa Energía by 44.7% during the 3rd quarter. Helikon Investments Ltd now owns 471,566 shares of the utilities provider’s stock valued at $17,618,000 after acquiring an additional 145,702 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Pampa Energía by 62.2% in the fourth 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 during the period. Quadrature Capital Ltd raised its holdings in shares of Pampa Energía by 219.6% during the third quarter. Quadrature Capital Ltd now owns 56,662 shares of the utilities provider’s stock valued at $2,114,000 after purchasing an additional 38,934 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in Pampa Energía during the fourth quarter valued at approximately $743,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energía Stock Performance

NYSE:PAM opened at $48.74 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 stock has a 50-day simple moving average of $43.09 and a two-hundred day simple moving average of $44.15. The firm has a market capitalization of $2.66 billion, a PE ratio of 8.91, a P/E/G ratio of 0.45 and a beta of 0.98. Pampa Energía S.A. has a 52-week low of $32.10 and a 52-week high of $52.17.

Pampa Energía (NYSE:PAM) last announced 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 company had revenue of $362.00 million for the quarter, compared to the consensus estimate of $395.56 million. Analysts forecast that Pampa Energía S.A. will post 6.93 EPS for the current year.

Analysts Set New Price Targets

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