Pampa Energía S.A. (NYSE:PAM) Shares Purchased by Helikon Investments Ltd

Helikon Investments Ltd boosted its holdings in Pampa Energía S.A. (NYSE:PAM) by 20.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 748,085 shares of the utilities provider’s stock after buying an additional 125,519 shares during the period. Pampa Energía accounts for approximately 2.8% of Helikon Investments Ltd’s holdings, making the stock its 7th largest holding. Helikon Investments Ltd owned approximately 1.37% of Pampa Energía worth $32,272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of Pampa Energía in the 4th quarter worth $41,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Pampa Energía in the 4th quarter valued at about $44,000. FNY Investment Advisers LLC purchased a new stake in shares of Pampa Energía during the 4th quarter worth about $99,000. Claro Advisors LLC grew its holdings in shares of Pampa Energía by 6.0% during the 1st quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 286 shares during the period. Finally, Beverly Hills Private Wealth LLC acquired a new stake in Pampa Energía during the 4th quarter worth approximately $253,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Wall Street Analyst Weigh In

PAM has been the subject of several research reports. HSBC upgraded shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price objective for the company in a research note on Tuesday, May 21st. StockNews.com lowered Pampa Energía from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. upped their target price on Pampa Energía from $46.50 to $47.50 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, Citigroup lowered their target price on Pampa Energía from $55.00 to $51.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.17.

Pampa Energía Stock Up 1.3 %

Shares of Pampa Energía stock traded up $0.57 during trading hours on Tuesday, hitting $43.26. 264,130 shares of the company’s stock traded hands, compared to its average volume of 278,198. Pampa Energía S.A. has a twelve month low of $32.91 and a twelve month high of $52.17. The company has a market cap of $2.36 billion, a PE ratio of 5.54 and a beta of 0.99. The company has a quick ratio of 2.26, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. The stock has a 50 day simple moving average of $46.06 and a 200-day simple moving average of $45.45.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $4.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $3.52. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. The firm had revenue of $401.00 million during the quarter, compared to analyst estimates of $419.61 million. Equities research analysts anticipate that Pampa Energía S.A. will post 7.91 earnings per share for the current fiscal year.

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.