Brevan Howard Capital Management LP Buys 54,923 Shares of Pampa Energía S.A. (NYSE:PAM)

Brevan Howard Capital Management LP boosted its stake in Pampa Energía S.A. (NYSE:PAM) by 27.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 258,348 shares of the utilities provider’s stock after buying an additional 54,923 shares during the quarter. Pampa Energía makes up 0.1% of Brevan Howard Capital Management LP’s investment portfolio, making the stock its 21st largest holding. Brevan Howard Capital Management LP owned 0.47% of Pampa Energía worth $22,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. TT International Asset Management LTD boosted its position in Pampa Energía by 250.9% in the fourth 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. boosted its stake in Pampa Energía by 40.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider’s stock worth $9,513,000 after purchasing an additional 45,409 shares during the period. ABS Direct Equity Fund LLC increased its holdings in shares of 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 worth $1,513,000 after purchasing an additional 11,200 shares during the period. Verde Servicos Internacionais S.A. purchased a new stake in Pampa Energía in the fourth quarter valued at approximately $308,000. Finally, DGS Capital Management LLC purchased a new position in Pampa Energía in the fourth quarter worth $282,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energía Price Performance

Shares of Pampa Energía stock opened at $71.09 on Monday. The stock has a market cap of $3.88 billion, a P/E ratio of 10.94 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. The stock’s fifty day moving average is $75.65 and its 200 day moving average is $79.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41.

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

Wall Street Analysts Forecast Growth

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

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.