Janney Montgomery Scott LLC Increases Stock Position in Pampa Energía S.A. (NYSE:PAM)

Janney Montgomery Scott LLC raised its stake in shares of Pampa Energía S.A. (NYSE:PAMFree Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 268,322 shares of the utilities provider’s stock after acquiring an additional 5,273 shares during the period. Janney Montgomery Scott LLC owned approximately 0.49% of Pampa Energía worth $13,287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in Pampa Energía during the fourth quarter worth about $41,000. FNY Investment Advisers LLC acquired a new stake in Pampa Energía in the 4th quarter valued at about $99,000. Quantbot Technologies LP boosted its stake in shares of Pampa Energía by 177.5% in the 3rd quarter. Quantbot Technologies LP now owns 3,386 shares of the utilities provider’s stock valued at $127,000 after buying an additional 2,166 shares during the period. Claro Advisors LLC acquired a new position in shares of Pampa Energía during the fourth quarter worth about $237,000. Finally, Beverly Hills Private Wealth LLC purchased a new stake in shares of Pampa Energía during the fourth quarter worth approximately $253,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on PAM shares. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Citigroup decreased their price objective on shares of Pampa Energía from $55.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $41.33.

Check Out Our Latest Report on Pampa Energía

Pampa Energía Stock Performance

Shares of PAM opened at $47.89 on Friday. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 0.43 and a beta of 0.98. Pampa Energía S.A. has a 52-week low of $32.91 and a 52-week high of $52.17. 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 moving average price of $44.44 and a 200 day moving average price of $44.70.

Pampa Energía (NYSE:PAMGet Free Report) last posted its earnings results on Wednesday, March 6th. The utilities provider reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.44) by ($1.46). Pampa Energía had a net margin of 25.16% and a return on equity of 15.10%. The company had revenue of $362.00 million during the quarter, compared to analysts’ expectations of $395.56 million. Research analysts predict that Pampa Energía S.A. will post 7.63 EPS for the current fiscal year.

Pampa Energía Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Pampa Energía (NYSE:PAM)

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