Whittier Trust Co. of Nevada Inc. Has $520,000 Stake in Pampa Energía S.A. (NYSE:PAM)

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Pampa Energía S.A. (NYSE:PAM) by 136.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,915 shares of the utilities provider’s stock after purchasing an additional 3,414 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Pampa Energía were worth $520,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PAM. TT International Asset Management LTD lifted its position in shares of Pampa Energía by 250.9% during the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider’s stock worth $106,108,000 after purchasing an additional 862,723 shares in the last quarter. Candriam S.C.A. bought a new stake in shares of Pampa Energía during the fourth quarter worth approximately $8,038,000. Alberta Investment Management Corp bought a new stake in shares of Pampa Energía during the fourth quarter worth approximately $7,047,000. Point72 Asset Management L.P. bought a new stake in shares of Pampa Energía during the third quarter worth approximately $2,738,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Pampa Energía by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider’s stock worth $9,513,000 after buying an additional 45,409 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Pampa Energía Stock Up 4.0 %

Shares of NYSE:PAM opened at $82.71 on Friday. Pampa Energía S.A. has a 52 week low of $38.58 and a 52 week high of $97.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The company has a market capitalization of $4.51 billion, a PE ratio of 12.72 and a beta of 0.92. The company has a 50 day moving average price of $81.99 and a two-hundred day moving average price of $76.91.

Pampa Energía (NYSE:PAM) last issued its earnings results on Wednesday, March 5th. The utilities provider reported $1.90 EPS for the quarter. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The firm had revenue of $435.00 million during the quarter, compared to the consensus estimate of $454.61 million. Analysts forecast that Pampa Energía S.A. will post 9.33 earnings per share for the current year.

Analysts Set New Price Targets

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

About Pampa Energía

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.