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

Wellington Management Group LLP acquired a new stake in shares of Pampa Energía S.A. (NYSE:PAM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,198 shares of the utilities provider’s stock, valued at approximately $1,512,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Pampa Energía by 167.1% in the 4th quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider’s stock worth $37,212,000 after acquiring an additional 264,706 shares in the last quarter. LPL Financial LLC boosted its stake in Pampa Energía by 8.2% in the fourth quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider’s stock worth $341,000 after purchasing an additional 293 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Pampa Energía during the fourth quarter worth $209,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Pampa Energía by 136.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 5,915 shares of the utilities provider’s stock valued at $520,000 after buying an additional 3,414 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Pampa Energía by 52.6% in the fourth quarter. Whittier Trust Co. now owns 22,986 shares of the utilities provider’s stock valued at $2,021,000 after buying an additional 7,924 shares during the last quarter. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price objective on shares of 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 assigned 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 $71.63.

Pampa Energía Trading Up 6.9 %

Shares of PAM opened at $69.56 on Monday. The stock’s fifty day simple moving average is $77.27 and its 200-day simple moving average is $78.66. The firm has a market capitalization of $3.79 billion, a PE ratio of 10.70 and a beta of 0.94. Pampa Energía S.A. has a 12-month low of $38.58 and a 12-month high of $97.55. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. The firm 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, research analysts predict that Pampa Energía S.A. will post 9.33 earnings per share 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.