2,744 Shares in Pampa Energía S.A. (NYSE:PAM) Bought by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC purchased a new stake in Pampa Energía S.A. (NYSE:PAM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,744 shares of the utilities provider’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PAM. Advisors Preferred LLC bought a new stake in shares of Pampa Energía in the fourth quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pampa Energía in the 4th quarter worth approximately $49,000. Blue Trust Inc. grew its holdings in shares of Pampa Energía by 62.7% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 259 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Pampa Energía during the fourth quarter valued at approximately $209,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Pampa Energía in the fourth quarter valued at $210,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $71.63.

Pampa Energía Price Performance

Pampa Energía stock opened at $68.49 on Monday. The business has a 50 day simple moving average of $80.00 and a 200 day simple moving average of $78.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The company has a market capitalization of $3.74 billion, a PE ratio of 10.54 and a beta of 0.94. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The company had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $454.61 million. On average, sell-side analysts forecast that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

Pampa Energía 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.