FIL Ltd raised its position in Pampa Energia S.A. (NYSE:PAM) by 17.1% during the first quarter, HoldingsChannel.com reports. The firm owned 320,402 shares of the utilities provider’s stock after purchasing an additional 46,678 shares during the period. FIL Ltd’s holdings in Pampa Energia were worth $8,834,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of PAM. Stevens Capital Management LP acquired a new position in shares of Pampa Energia during the 1st quarter valued at $367,000. Eaton Vance Management lifted its position in shares of Pampa Energia by 18.0% during the 4th quarter. Eaton Vance Management now owns 43,869 shares of the utilities provider’s stock valued at $1,395,000 after acquiring an additional 6,700 shares during the period. Oaktree Capital Management LP lifted its position in shares of Pampa Energia by 41.0% during the 4th quarter. Oaktree Capital Management LP now owns 338,500 shares of the utilities provider’s stock valued at $10,768,000 after acquiring an additional 98,500 shares during the period. Deutsche Bank AG lifted its position in shares of Pampa Energia by 67.7% during the 4th quarter. Deutsche Bank AG now owns 200,551 shares of the utilities provider’s stock valued at $6,379,000 after acquiring an additional 80,984 shares during the period. Finally, Deltec Asset Management LLC raised its holdings in Pampa Energia by 13.0% during the first quarter. Deltec Asset Management LLC now owns 64,986 shares of the utilities provider’s stock worth $1,792,000 after buying an additional 7,486 shares during the last quarter. Hedge funds and other institutional investors own 38.30% of the company’s stock.
PAM opened at $33.66 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.20 and a current ratio of 1.34. Pampa Energia S.A. has a 1-year low of $19.50 and a 1-year high of $48.72. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -22.00 and a beta of 0.33.
Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Friday, May 10th. The utilities provider reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.01) by $2.96. Pampa Energia had a net margin of 0.88% and a negative return on equity of 6.38%. The firm had revenue of $687.62 million for the quarter. On average, equities research analysts anticipate that Pampa Energia S.A. will post 2.21 earnings per share for the current year.
Several research firms have weighed in on PAM. Zacks Investment Research upgraded shares of Pampa Energia from a “strong sell” rating to a “hold” rating and set a $28.00 price objective on the stock in a report on Tuesday, April 16th. ValuEngine downgraded shares of Pampa Energia from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $42.50.
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Pampa Energia Profile
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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