William Blair Investment Management LLC raised its stake in Pampa Energia S.A. (NYSE:PAM – Free Report) by 6.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,640 shares of the utilities provider’s stock after purchasing an additional 5,450 shares during the period. William Blair Investment Management LLC’s holdings in Pampa Energia were worth $6,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in Pampa Energia in the first quarter valued at about $3,460,000. Acadian Asset Management LLC purchased a new position in Pampa Energia in the first quarter valued at about $1,164,000. Hsbc Holdings PLC grew its stake in Pampa Energia by 16.7% in the first quarter. Hsbc Holdings PLC now owns 35,549 shares of the utilities provider’s stock valued at $2,754,000 after purchasing an additional 5,088 shares during the last quarter. Quantbot Technologies LP purchased a new position in Pampa Energia in the first quarter valued at about $336,000. Finally, Banco BTG Pactual S.A. grew its stake in Pampa Energia by 223.5% in the first quarter. Banco BTG Pactual S.A. now owns 16,500 shares of the utilities provider’s stock valued at $1,274,000 after purchasing an additional 11,400 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.
Pampa Energia Price Performance
Shares of PAM stock opened at $60.10 on Tuesday. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $97.55. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 5.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.33 and a current ratio of 2.70. The stock’s 50-day simple moving average is $64.82 and its 200-day simple moving average is $70.98.
Analysts Set New Price Targets
Several equities analysts have issued reports on PAM shares. Wall Street Zen upgraded Pampa Energia from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pampa Energia in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $92.75.
View Our Latest Analysis on PAM
Pampa Energia Company 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.
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