William Blair Investment Management LLC Boosts Stock Holdings in Pampa Energía S.A. (NYSE:PAM)

William Blair Investment Management LLC raised its position in shares of Pampa Energía S.A. (NYSE:PAM) by 27.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,078 shares of the utilities provider’s stock after acquiring an additional 43,257 shares during the quarter. William Blair Investment Management LLC’s holdings in Pampa Energía were worth $17,595,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PAM. Advisors Preferred LLC acquired a new position in Pampa Energía in the 4th quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Pampa Energía during the fourth quarter worth $49,000. Blue Trust Inc. raised its position in shares of Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock valued at $59,000 after buying an additional 259 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Pampa Energía in the fourth quarter valued at about $210,000. Finally, GAMMA Investing LLC lifted its stake in shares of Pampa Energía by 75.9% in the fourth quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider’s stock worth $217,000 after buying an additional 1,063 shares in the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price objective on shares of Pampa Energía from $59.00 to $93.50 and gave the company 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pampa Energía presently has a consensus rating of “Hold” and a consensus target price of $71.63.

Pampa Energía Stock Up 5.3 %

NYSE PAM opened at $79.91 on Thursday. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. Pampa Energía S.A. has a 52 week low of $38.58 and a 52 week high of $97.55. The business’s fifty day simple moving average is $82.49 and its 200-day simple moving average is $76.54. The firm has a market cap of $4.36 billion, a PE ratio of 12.29 and a beta of 0.92.

Pampa Energía (NYSE:PAM) last issued its earnings results on Wednesday, March 5th. The utilities provider reported $1.90 EPS for the quarter. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $454.61 million. As a group, equities analysts anticipate that Pampa Energía S.A. will post 9.33 earnings per share for the current year.

About Pampa Energía

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.