Russell Investments Group Ltd. increased its stake in Pampa Energia S.A. (NYSE:PAM) by 9.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 278,219 shares of the utilities provider’s stock after buying an additional 23,629 shares during the period. Russell Investments Group Ltd.’s holdings in Pampa Energia were worth $10,178,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Barclays PLC lifted its position in Pampa Energia by 8,216.1% in the 1st quarter. Barclays PLC now owns 2,578 shares of the utilities provider’s stock valued at $154,000 after acquiring an additional 2,547 shares in the last quarter. NN Investment Partners Holdings N.V. lifted its position in Pampa Energia by 76.0% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 4,400 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 1,900 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Pampa Energia by 170.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,996 shares of the utilities provider’s stock valued at $179,000 after acquiring an additional 1,888 shares in the last quarter. Wells Fargo & Company MN bought a new position in Pampa Energia in the 4th quarter valued at approximately $188,000. Finally, Comerica Bank lifted its position in Pampa Energia by 60.1% in the 2nd quarter. Comerica Bank now owns 5,908 shares of the utilities provider’s stock valued at $222,000 after acquiring an additional 2,218 shares in the last quarter. Institutional investors own 36.12% of the company’s stock.
PAM has been the topic of several analyst reports. Credit Suisse Group initiated coverage on Pampa Energia in a research report on Thursday, July 12th. They issued an “underperform” rating on the stock. ValuEngine cut Pampa Energia from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. JPMorgan Chase & Co. assumed coverage on Pampa Energia in a report on Tuesday, July 31st. They set an “overweight” rating and a $65.00 price target on the stock. Zacks Investment Research raised Pampa Energia from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th. Finally, HSBC assumed coverage on Pampa Energia in a report on Thursday, August 30th. They set a “buy” rating and a $40.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Pampa Energia has a consensus rating of “Hold” and an average target price of $60.75.
NYSE PAM opened at $30.55 on Friday. The firm has a market cap of $2.15 billion, a PE ratio of 27.61, a PEG ratio of 0.27 and a beta of 1.22. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 4.87. Pampa Energia S.A. has a 1-year low of $24.93 and a 1-year high of $72.98.
Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Monday, August 13th. The utilities provider reported ($2.84) earnings per share for the quarter, missing the consensus estimate of ($1.14) by ($1.70). The firm had revenue of $882.57 million for the quarter. Pampa Energia had a net margin of 5.30% and a return on equity of 8.21%. analysts forecast that Pampa Energia S.A. will post 3.67 EPS for the current fiscal year.
About Pampa Energia
Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.
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