Driehaus Capital Management LLC Increases Stock Holdings in Pampa Energía S.A. (NYSE:PAM)

Driehaus Capital Management LLC boosted its stake in Pampa Energía S.A. (NYSE:PAM) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,308 shares of the utilities provider’s stock after acquiring an additional 398 shares during the quarter. Driehaus Capital Management LLC’s holdings in Pampa Energía were worth $1,032,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PAM. Millennium Management LLC grew its holdings in Pampa Energía by 428.0% during the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock valued at $27,818,000 after purchasing an additional 509,487 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Pampa Energía during the second quarter worth about $950,000. EverSource Wealth Advisors LLC increased its position in shares of Pampa Energía by 89.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 1,059 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Pampa Energía in the second quarter valued at about $37,000. Finally, Ping Capital Management Inc. acquired a new stake in Pampa Energía during the 2nd quarter valued at approximately $2,470,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energía Trading Up 0.7 %

NYSE PAM opened at $58.62 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33. Pampa Energía S.A. has a one year low of $32.91 and a one year high of $62.66. The company has a 50-day simple moving average of $52.70 and a 200-day simple moving average of $47.83. The firm has a market capitalization of $3.20 billion, a PE ratio of 7.51 and a beta of 0.89.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, beating the consensus estimate of $1.36 by $0.44. The company had revenue of $500.00 million during the quarter, compared to analyst estimates of $479.17 million. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. On average, equities analysts forecast that Pampa Energía S.A. will post 9.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PAM. Bank of America increased their target price on Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Citigroup upgraded shares of Pampa Energía from a “neutral” rating to a “buy” rating and upped their target price for the company from $51.00 to $58.00 in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Pampa Energía from $47.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pampa Energía currently has a consensus rating of “Moderate Buy” and an average price target of $57.75.

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.