GAMMA Investing LLC Has $148,000 Stake in Pampa Energia S.A. $PAM

GAMMA Investing LLC trimmed its position in shares of Pampa Energia S.A. (NYSE:PAM) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,134 shares of the utilities provider’s stock after selling 178 shares during the period. GAMMA Investing LLC’s holdings in Pampa Energia were worth $148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PAM. Wellington Management Group LLP bought a new position in Pampa Energia during the fourth quarter worth $1,512,000. Cubist Systematic Strategies LLC bought a new position in Pampa Energia during the first quarter worth $3,460,000. TT International Asset Management LTD boosted its position in Pampa Energia by 9.4% during the first quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider’s stock worth $101,868,000 after purchasing an additional 112,934 shares during the period. Hsbc Holdings PLC boosted its position in Pampa Energia by 16.7% during the first quarter. Hsbc Holdings PLC now owns 35,549 shares of the utilities provider’s stock worth $2,754,000 after purchasing an additional 5,088 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Pampa Energia during the first quarter worth $459,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PAM shares. Zacks Research raised shares of Pampa Energia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Wall Street Zen cut shares of Pampa Energia from a “hold” rating to a “sell” rating in a research report on Friday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.75.

Pampa Energia Stock Performance

Pampa Energia stock opened at $60.42 on Tuesday. The business has a 50 day moving average of $68.77 and a 200-day moving average of $72.72. Pampa Energia S.A. has a 1 year low of $54.95 and a 1 year high of $97.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.70 and a quick ratio of 2.33. The company has a market capitalization of $3.30 billion, a P/E ratio of 7.45, a P/E/G ratio of 5.76 and a beta of 1.16.

Pampa Energia (NYSE:PAM) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $0.70 EPS for the quarter, missing the consensus estimate of $2.35 by ($1.65). The company had revenue of $486.00 million during the quarter, compared to the consensus estimate of $632.05 million. Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. On average, equities research analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

About Pampa Energia

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.