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

Arete Wealth Advisors LLC acquired a new stake in Pampa Energía S.A. (NYSE:PAM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,744 shares of the utilities provider’s stock, valued at approximately $240,000.

A number of other institutional investors also recently modified their holdings of PAM. TT International Asset Management LTD raised its position in Pampa Energía by 250.9% in the 4th quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider’s stock worth $106,108,000 after purchasing an additional 862,723 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Pampa Energía by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider’s stock worth $9,513,000 after acquiring an additional 45,409 shares during the last quarter. Dorsey Wright & Associates raised its position in shares of Pampa Energía by 12.1% during the third quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider’s stock worth $4,208,000 after acquiring an additional 7,553 shares during the last quarter. ABS Direct Equity Fund LLC boosted its holdings in Pampa Energía by 186.7% in the fourth quarter. ABS Direct Equity Fund LLC now owns 17,200 shares of the utilities provider’s stock valued at $1,513,000 after acquiring an additional 11,200 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new position in Pampa Energía in the fourth quarter valued at about $308,000. 12.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their target price on shares of Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.63.

Pampa Energía Stock Down 8.4 %

NYSE:PAM opened at $68.49 on Monday. 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 12-month low of $38.58 and a 12-month high of $97.55. The stock’s fifty day simple moving average is $80.00 and its 200-day simple moving average is $78.49. The firm has a market capitalization of $3.74 billion, a P/E ratio of 10.54 and a beta of 0.94.

Pampa Energía (NYSE:PAM) last issued its earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter. The firm had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $454.61 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. Equities research analysts expect 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.