Pampa Energia S.A. $PAM is Ping Capital Management Inc.’s 3rd Largest Position

Ping Capital Management Inc. lifted its stake in shares of Pampa Energia S.A. (NYSE:PAM) by 217.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 242,000 shares of the utilities provider’s stock after acquiring an additional 165,800 shares during the period. Pampa Energia accounts for approximately 4.9% of Ping Capital Management Inc.’s portfolio, making the stock its 3rd biggest position. Ping Capital Management Inc.’s holdings in Pampa Energia were worth $14,535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Personal CFO Solutions LLC increased its position in Pampa Energia by 6.8% during the second quarter. Personal CFO Solutions LLC now owns 4,335 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 276 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Pampa Energia in the 2nd quarter valued at approximately $37,000. First Horizon Advisors Inc. acquired a new stake in shares of Pampa Energia during the 2nd quarter worth approximately $51,000. Insigneo Advisory Services LLC raised its position in shares of Pampa Energia by 15.0% during the 2nd quarter. Insigneo Advisory Services LLC now owns 10,186 shares of the utilities provider’s stock valued at $707,000 after buying an additional 1,331 shares during the period. Finally, Diversify Advisory Services LLC raised its position in shares of Pampa Energia by 23.3% during the 2nd quarter. Diversify Advisory Services LLC now owns 7,172 shares of the utilities provider’s stock valued at $546,000 after buying an additional 1,353 shares during the period. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energia Stock Performance

PAM stock opened at $83.90 on Friday. The business’s fifty day moving average price is $86.85 and its 200 day moving average price is $76.10. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50. The company has a current ratio of 2.68, a quick ratio of 2.33 and a debt-to-equity ratio of 0.43.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results 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 return on equity of 9.39% and a net margin of 16.72%.The business had revenue of $577.40 million for the quarter, compared to analysts’ expectations of $864.09 billion. On average, equities research analysts expect that Pampa Energia S.A. will post 9.33 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on PAM. Wall Street Zen raised Pampa Energia from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pampa Energia in a report on Thursday. Citigroup raised Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Monday, November 3rd. Finally, Zacks Research cut shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 31st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $113.00.

About Pampa Energia

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.