Virtu Financial LLC purchased a new position in Pampa Energia S.A. (NYSE:PAM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,740 shares of the utilities provider’s stock, valued at approximately $213,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of Pampa Energia during the 4th quarter valued at $69,000. NumerixS Investment Technologies Inc bought a new stake in shares of Pampa Energia in the 4th quarter worth $106,000. Barclays PLC bought a new stake in shares of Pampa Energia in the 4th quarter worth $124,000. LSV Asset Management grew its stake in shares of Pampa Energia by 28.8% in the 4th quarter. LSV Asset Management now owns 20,581 shares of the utilities provider’s stock worth $654,000 after acquiring an additional 4,600 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Pampa Energia by 8.9% in the 3rd quarter. FMR LLC now owns 57,343 shares of the utilities provider’s stock worth $1,781,000 after acquiring an additional 4,686 shares in the last quarter. Hedge funds and other institutional investors own 35.33% of the company’s stock.
Shares of NYSE:PAM opened at $20.59 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1.51 billion, a P/E ratio of -13.46 and a beta of 0.74. Pampa Energia S.A. has a fifty-two week low of $19.50 and a fifty-two week high of $57.81.
Several analysts have recently issued reports on PAM shares. Zacks Investment Research upgraded shares of Pampa Energia from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 16th. ValuEngine lowered shares of Pampa Energia from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Pampa Energia presently has a consensus rating of “Buy” and an average price target of $43.25.
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About Pampa Energia
Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.
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