Pampa Energia S.A. (PAM) is Spinnaker Capital LTD’s Largest Position
Spinnaker Capital LTD held its stake in Pampa Energia S.A. (NYSE:PAM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 342,754 shares of the utilities provider’s stock at the end of the 2nd quarter. Pampa Energia makes up about 100.0% of Spinnaker Capital LTD’s investment portfolio, making the stock its biggest holding. Spinnaker Capital LTD owned approximately 0.47% of Pampa Energia worth $20,171,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Morgan Stanley grew its position in shares of Pampa Energia by 29.4% during the 1st quarter. Morgan Stanley now owns 1,524,137 shares of the utilities provider’s stock valued at $82,639,000 after buying an additional 345,985 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Pampa Energia during the 1st quarter valued at about $3,036,000. Soros Fund Management LLC bought a new stake in shares of Pampa Energia during the 1st quarter valued at about $1,374,000. William Blair Investment Management LLC grew its position in shares of Pampa Energia by 140.7% during the 1st quarter. William Blair Investment Management LLC now owns 733,025 shares of the utilities provider’s stock valued at $39,745,000 after buying an additional 428,429 shares during the last quarter. Finally, Boston Partners bought a new stake in shares of Pampa Energia during the 1st quarter valued at about $260,000. 44.37% of the stock is owned by institutional investors and hedge funds.
Shares of Pampa Energia S.A. (PAM) traded down 0.46% during midday trading on Friday, hitting $60.73. 108,747 shares of the company were exchanged. Pampa Energia S.A. has a one year low of $30.07 and a one year high of $65.51. The stock has a market cap of $4.46 billion, a PE ratio of 41.88 and a beta of 1.22. The stock’s 50-day moving average is $59.29 and its 200-day moving average is $57.14.
A number of equities research analysts recently weighed in on PAM shares. BidaskClub downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Bank of America Corporation reaffirmed a “buy” rating and set a $75.00 price objective (up previously from $65.00) on shares of Pampa Energia in a research report on Saturday, June 3rd. Finally, TheStreet downgraded shares of Pampa Energia from a “c” rating to a “d” rating in a research report on Wednesday, May 24th.
About Pampa Energia
Pampa Energia SA is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena SA, Central Termica Guemes SA, Central Termica Loma de la Lata SA and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector.
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