Pampa Energía S.A. (NYSE:PAM) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its stake in Pampa Energía S.A. (NYSE:PAM) by 3.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,046 shares of the utilities provider’s stock after selling 263 shares during the quarter. Cetera Investment Advisers’ holdings in Pampa Energía were worth $708,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PAM. Advisors Preferred LLC acquired a new position in shares of Pampa Energía in the 4th quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Pampa Energía during the fourth quarter valued at about $49,000. Blue Trust Inc. boosted its holdings in shares of Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after buying an additional 259 shares during the period. Compass Group LLC purchased a new position in shares of Pampa Energía in the fourth quarter worth approximately $152,000. Finally, Virtu Financial LLC purchased a new position in shares of Pampa Energía in the fourth quarter worth approximately $209,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energía Trading Up 0.8%

NYSE:PAM opened at $82.16 on Monday. The stock has a market cap of $4.48 billion, a PE ratio of 12.64 and a beta of 1.16. Pampa Energía S.A. has a fifty-two week low of $38.58 and a fifty-two week high of $97.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The stock’s 50-day moving average is $76.15 and its two-hundred day moving average is $81.18.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.89. The firm had revenue of $414.00 million for the quarter, compared to the consensus estimate of $487.63 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. As a group, equities research analysts forecast that Pampa Energía S.A. will post 9.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup upped their price target on shares of Pampa Energía from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, May 19th. Wall Street Zen upgraded Pampa Energía from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st.

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.