Pampa Energía S.A. (NYSE:PAM) Shares Purchased by TT International Asset Management LTD

TT International Asset Management LTD boosted its holdings in Pampa Energía S.A. (NYSE:PAM) by 250.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,206,603 shares of the utilities provider’s stock after purchasing an additional 862,723 shares during the quarter. Pampa Energía comprises approximately 15.5% of TT International Asset Management LTD’s portfolio, making the stock its 2nd biggest position. TT International Asset Management LTD owned approximately 2.21% of Pampa Energía worth $106,108,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Helikon Investments Ltd lifted its holdings in shares of Pampa Energía by 146.6% during the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock worth $79,218,000 after purchasing an additional 784,407 shares during the period. Millennium Management LLC increased its position in shares of Pampa Energía by 428.0% in the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock valued at $27,818,000 after buying an additional 509,487 shares in the last quarter. Fourth Sail Capital LP purchased a new position in shares of Pampa Energía in the third quarter valued at $8,552,000. Point72 Asset Management L.P. purchased a new position in shares of Pampa Energía in the third quarter valued at $2,738,000. Finally, JPMorgan Chase & Co. boosted its stake 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 valued at $9,513,000 after acquiring an additional 45,409 shares during the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energía Stock Performance

Shares of NYSE:PAM opened at $94.71 on Monday. The company has a market cap of $5.17 billion, a P/E ratio of 14.57 and a beta of 0.94. 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 S.A. has a one year low of $38.15 and a one year high of $97.55. The business’s 50-day simple moving average is $84.33 and its 200 day simple moving average is $64.95.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The business had revenue of $540.00 million during the quarter, compared to the consensus estimate of $517.71 million. During the same period in the previous year, the business earned $2.80 EPS. On average, sell-side analysts forecast that Pampa Energía S.A. will post 8.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on PAM. Citigroup lowered Pampa Energía from a “buy” rating to a “neutral” rating and increased their price objective for the company from $58.00 to $75.00 in a research note on Friday, November 1st. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $71.63.

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.