BW Gestao de Investimentos Ltda. Makes New $3.11 Million Investment in Pampa Energia S.A. $PAM

BW Gestao de Investimentos Ltda. bought a new position in Pampa Energia S.A. (NYSE:PAM) during the 4th quarter, HoldingsChannel reports. The fund bought 35,076 shares of the utilities provider’s stock, valued at approximately $3,105,000.

Several other hedge funds also recently made changes to their positions in the company. Helikon Investments Ltd boosted its holdings in Pampa Energia by 41.9% in the third quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock valued at $41,968,000 after acquiring an additional 206,197 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Pampa Energia by 8.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock valued at $41,845,000 after acquiring an additional 45,653 shares in the last quarter. Fundamenta Capital S.A. bought a new stake in Pampa Energia in the fourth quarter valued at $23,496,000. Balyasny Asset Management L.P. boosted its holdings in Pampa Energia by 68.7% in the third quarter. Balyasny Asset Management L.P. now owns 174,078 shares of the utilities provider’s stock valued at $10,455,000 after acquiring an additional 70,862 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Pampa Energia by 85.4% in the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after acquiring an additional 74,841 shares in the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Pampa Energia

In other Pampa Energia news, VP Damian Miguel Mindlin sold 500,000 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $3.57, for a total value of $1,785,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $3.48, for a total value of $6,264,000.00. Following the completion of the transaction, the director directly owned 24,971,973 shares of the company’s stock, valued at approximately $86,902,466.04. This trade represents a 6.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 9,311,977 shares of company stock valued at $32,265,316. 55.52% of the stock is owned by insiders.

Pampa Energia Stock Performance

Shares of Pampa Energia stock opened at $85.93 on Wednesday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 3.48 and a beta of 0.96. The firm’s 50-day moving average is $83.53 and its 200 day moving average is $84.52. Pampa Energia S.A. has a 1 year low of $54.95 and a 1 year high of $94.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The company had revenue of $573.00 million for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. Sell-side analysts anticipate that Pampa Energia S.A. will post 8.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on PAM shares. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and lifted their price target for the company from $88.00 to $97.00 in a report on Thursday, March 12th. Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $103.83.

Pampa Energia Company Profile

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.