Absolute Gestao de Investimentos Ltda. Makes New $246,000 Investment in Pampa Energía S.A. (NYSE:PAM)

Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of Pampa Energía S.A. (NYSE:PAM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,800 shares of the utilities provider’s stock, valued at approximately $246,000.

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

Pampa Energía Price Performance

NYSE PAM opened at $79.78 on Friday. The stock has a 50-day simple moving average of $82.23 and a 200 day simple moving average of $76.56. Pampa Energía S.A. has a twelve month low of $38.58 and a twelve month high of $97.55. The stock has a market capitalization of $4.35 billion, a PE ratio of 12.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $1.90 EPS for the quarter. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The company had revenue of $435.00 million during the quarter, compared to analyst estimates of $454.61 million. Research analysts anticipate that Pampa Energía S.A. will post 9.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price target on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.63.

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.