Advisors Preferred LLC Takes Position in Pampa Energía S.A. (NYSE:PAM)

Advisors Preferred LLC bought a new stake in Pampa Energía S.A. (NYSE:PAM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 282 shares of the utilities provider’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PAM. Blue Trust Inc. lifted its position in shares of Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 253 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Pampa Energía during the fourth quarter worth approximately $49,000. GAMMA Investing LLC lifted its position in Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after buying an additional 345 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Pampa Energía by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock worth $150,000 after buying an additional 526 shares in the last quarter. Finally, Wrapmanager Inc. purchased a new position in Pampa Energía during the third quarter worth approximately $221,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energía Trading Down 6.4 %

Shares of NYSE PAM opened at $80.69 on Friday. Pampa Energía S.A. has a twelve month low of $38.15 and a twelve month high of $97.55. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $88.25 and a 200-day simple moving average of $70.59. The stock has a market capitalization of $4.40 billion, a PE ratio of 12.41 and a beta of 0.92.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The business had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $517.71 million. During the same period in the previous year, the firm posted $2.80 earnings per share. On average, equities analysts forecast that Pampa Energía S.A. will post 8.96 earnings per share for the current year.

Wall Street Analyst Weigh In

PAM has been the topic of a number of analyst reports. StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Citigroup downgraded Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $71.63.

Pampa Energía 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.