Claro Advisors LLC Has $1.09 Million Stock Position in Pampa Energía S.A. (NYSE:PAM)

Claro Advisors LLC grew its stake in Pampa Energía S.A. (NYSE:PAM) by 253.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,172 shares of the utilities provider’s stock after buying an additional 13,037 shares during the quarter. Claro Advisors LLC’s holdings in Pampa Energía were worth $1,091,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC lifted its position in Pampa Energía by 428.0% in the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock valued at $27,818,000 after acquiring an additional 509,487 shares in the last quarter. Helikon Investments Ltd boosted its position in shares of Pampa Energía by 20.2% during the first quarter. Helikon Investments Ltd now owns 748,085 shares of the utilities provider’s stock worth $32,272,000 after buying an additional 125,519 shares during the period. Murchinson Ltd. acquired a new position in shares of Pampa Energía during the first quarter worth about $3,020,000. Ping Capital Management Inc. bought a new position in shares of Pampa Energía during the second quarter worth about $2,470,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Pampa Energía in the 2nd quarter valued at approximately $950,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energía Price Performance

NYSE:PAM opened at $67.63 on Friday. The stock has a market capitalization of $3.69 billion, a PE ratio of 10.25 and a beta of 0.89. Pampa Energía S.A. has a 1-year low of $32.91 and a 1-year high of $68.23. The firm has a fifty day simple moving average of $58.03 and a 200 day simple moving average of $49.94. The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. The firm had revenue of $500.00 million during the quarter, compared to analysts’ expectations of $479.17 million. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. On average, research analysts expect that Pampa Energía S.A. will post 9.54 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.