Diversify Wealth Management LLC Trims Holdings in Pampa Energia S.A. $PAM

Diversify Wealth Management LLC lowered its position in Pampa Energia S.A. (NYSE:PAM) by 87.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,966 shares of the utilities provider’s stock after selling 20,255 shares during the period. Diversify Wealth Management LLC’s holdings in Pampa Energia were worth $178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Pampa Energia during the 2nd quarter valued at approximately $37,000. First Horizon Advisors Inc. purchased a new position in shares of Pampa Energia during the second quarter worth $51,000. Deltec Asset Management LLC lifted its position in Pampa Energia by 66.7% during the third quarter. Deltec Asset Management LLC now owns 5,000 shares of the utilities provider’s stock valued at $300,000 after purchasing an additional 2,000 shares during the period. Personal CFO Solutions LLC lifted its position in Pampa Energia by 6.8% during the second quarter. Personal CFO Solutions LLC now owns 4,335 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 276 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in Pampa Energia in the second quarter valued at $379,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PAM shares. Wall Street Zen upgraded Pampa Energia from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research cut Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 31st. Citigroup raised Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 price target for the company in a report on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $113.00.

Pampa Energia Price Performance

Pampa Energia stock opened at $77.72 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.33 and a current ratio of 2.68. The business has a 50 day simple moving average of $84.03 and a 200-day simple moving average of $77.76. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50.

Pampa Energia Company Profile

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.