Pampa Energía S.A. (NYSE:PAM) Shares Purchased by Helikon Investments Ltd

Helikon Investments Ltd raised its position in Pampa Energía S.A. (NYSE:PAM) by 20.2% in the 1st quarter, Holdings Channel reports. The firm owned 748,085 shares of the utilities provider’s stock after buying an additional 125,519 shares during the period. Pampa Energía accounts for approximately 2.8% of Helikon Investments Ltd’s investment portfolio, making the stock its 7th biggest holding. Helikon Investments Ltd’s holdings in Pampa Energía were worth $32,272,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Claro Advisors LLC boosted its holdings in shares of Pampa Energía by 6.0% in the first quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider’s stock valued at $219,000 after buying an additional 286 shares during the period. TT International Asset Management LTD acquired a new position in Pampa Energía in the 4th quarter worth $7,675,000. AdvisorShares Investments LLC bought a new position in Pampa Energía during the 4th quarter worth about $811,000. Seldon Capital LP acquired a new stake in shares of Pampa Energía in the 4th quarter valued at about $1,192,000. Finally, SPX Gestao de Recursos Ltda acquired a new stake in shares of Pampa Energía in the 4th quarter valued at about $44,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Pampa Energía from $46.50 to $47.50 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. StockNews.com cut shares of Pampa Energía from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Citigroup reduced their target price on shares of Pampa Energía from $55.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. Finally, HSBC upgraded shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price target on the stock in a research note on Tuesday, May 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Pampa Energía currently has an average rating of “Hold” and a consensus target price of $48.17.

Pampa Energía Stock Performance

PAM stock traded up $0.57 during trading hours on Tuesday, reaching $43.26. The stock had a trading volume of 264,130 shares, compared to its average volume of 278,198. The stock has a 50-day simple moving average of $46.06 and a 200 day simple moving average of $45.45. Pampa Energía S.A. has a fifty-two week low of $32.91 and a fifty-two week high of $52.17. The stock has a market capitalization of $2.36 billion, a PE ratio of 5.54 and a beta of 0.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 2.26.

Pampa Energía (NYSE:PAM) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $4.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $3.52. Pampa Energía had a net margin of 25.16% and a return on equity of 14.99%. The company had revenue of $401.00 million for the quarter, compared to analysts’ expectations of $419.61 million. Analysts predict that Pampa Energía S.A. will post 7.91 EPS for the current fiscal year.

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.