Hsbc Holdings PLC Buys 20,438 Shares of Pampa Energia S.A. $PAM

Hsbc Holdings PLC increased its stake in shares of Pampa Energia S.A. (NYSE:PAM) by 77.6% during the fourth quarter, HoldingsChannel reports. The fund owned 46,788 shares of the utilities provider’s stock after buying an additional 20,438 shares during the period. Hsbc Holdings PLC’s holdings in Pampa Energia were worth $4,058,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PAM. Raymond James Financial Inc. bought a new position in Pampa Energia during the 2nd quarter worth about $37,000. NFJ Investment Group LLC bought a new position in shares of Pampa Energia during the fourth quarter worth about $104,000. Van ECK Associates Corp acquired a new stake in Pampa Energia in the 3rd quarter valued at approximately $139,000. Quantbot Technologies LP acquired a new stake in Pampa Energia in the 3rd quarter valued at approximately $187,000. Finally, Arete Wealth Advisors LLC bought a new stake in Pampa Energia in the 4th quarter valued at approximately $212,000. 12.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the transaction, the director directly owned 24,971,973 shares in the company, valued at approximately $86,902,466.04. The trade was a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Damian Miguel Mindlin sold 555,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the sale, the insider directly owned 12,541,870 shares in the company, valued at $44,523,638.50. This trade represents a 4.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 1,710,694 shares of company stock worth $7,701,005 and have sold 11,582,000 shares worth $40,178,070. 55.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PAM shares. Zacks Research raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. JPMorgan Chase & Co. lifted their price target on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research note on Monday, June 1st. Finally, Wall Street Zen cut shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pampa Energia has a consensus rating of “Moderate Buy” and a consensus target price of $103.83.

Pampa Energia Stock Down 1.3%

PAM stock opened at $81.39 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $82.73 and a two-hundred day moving average price of $83.43. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 2.86 and a beta of 0.97. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The company had revenue of $573.00 million for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. Analysts anticipate that Pampa Energia S.A. will post 9.89 EPS for the current fiscal year.

Pampa Energia Profile

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.