Pampa Energia S.A. $PAM Stock Position Trimmed by TT International Asset Management LTD

TT International Asset Management LTD lessened its holdings in Pampa Energia S.A. (NYSE:PAM) by 25.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 821,300 shares of the utilities provider’s stock after selling 281,107 shares during the quarter. Pampa Energia accounts for 6.9% of TT International Asset Management LTD’s investment portfolio, making the stock its 3rd largest position. TT International Asset Management LTD’s holdings in Pampa Energia were worth $49,327,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PAM. First Horizon Advisors Inc. bought a new stake in Pampa Energia in the second quarter worth about $51,000. Envestnet Asset Management Inc. grew its position in shares of Pampa Energia by 18.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,306 shares of the utilities provider’s stock valued at $2,103,000 after acquiring an additional 4,659 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Pampa Energia during the 1st quarter worth approximately $3,460,000. Itau Unibanco Holding S.A. increased its stake in shares of Pampa Energia by 42.4% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 304,174 shares of the utilities provider’s stock worth $21,104,000 after purchasing an additional 90,500 shares during the last quarter. Finally, Banco BTG Pactual S.A. raised its holdings in shares of Pampa Energia by 467.2% in the 2nd quarter. Banco BTG Pactual S.A. now owns 93,583 shares of the utilities provider’s stock worth $6,493,000 after purchasing an additional 77,083 shares during the period. 12.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research raised Pampa Energia from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research report on Wednesday, October 8th. Wall Street Zen upgraded Pampa Energia from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Citigroup raised Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $103.25.

Pampa Energia Price Performance

Pampa Energia stock opened at $89.36 on Tuesday. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $97.55. The company has a quick ratio of 2.33, a current ratio of 2.68 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $80.67 and a 200-day moving average price of $73.56.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.97). Pampa Energia had a net margin of 16.72% and a return on equity of 9.39%. The company had revenue of $577.40 million for the quarter, compared to the consensus estimate of $864.09 billion. As a group, equities analysts anticipate that Pampa Energia S.A. will post 9.33 EPS for the current year.

Pampa Energia 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.