Banco BTG Pactual S.A. Sells 70,310 Shares of Pampa Energía S.A. (NYSE:PAM)

Banco BTG Pactual S.A. lowered its holdings in shares of Pampa Energía S.A. (NYSE:PAM) by 93.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,100 shares of the utilities provider’s stock after selling 70,310 shares during the quarter. Banco BTG Pactual S.A.’s holdings in Pampa Energía were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Advisors Preferred LLC bought a new position in shares of Pampa Energía in the 4th 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 valued at approximately $49,000. Blue Trust Inc. lifted its stake in shares of Pampa Energía by 62.7% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 259 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Pampa Energía in the 4th quarter worth approximately $209,000. Finally, QRG Capital Management Inc. bought a new position in shares of Pampa Energía during the 4th quarter valued at approximately $210,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Pampa Energía Trading Up 2.1 %

PAM opened at $84.19 on Wednesday. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 12.95 and a beta of 0.92. The stock’s 50 day moving average price is $81.67 and its 200-day moving average price is $77.43.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 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 for the quarter, compared to the consensus estimate of $454.61 million. On average, equities analysts forecast that Pampa Energía S.A. will post 9.33 EPS for the current 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.