Pampa Energia S.A. $PAM Shares Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC increased its stake in shares of Pampa Energia S.A. (NYSE:PAM) by 70.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,401 shares of the utilities provider’s stock after buying an additional 7,215 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Pampa Energia were worth $1,045,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Helikon Investments Ltd boosted its holdings in shares of Pampa Energia by 41.9% during 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Pampa Energia by 8.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock valued at $41,845,000 after purchasing an additional 45,653 shares during the last quarter. Itau Unibanco Holding S.A. boosted its stake in 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 valued at $21,104,000 after purchasing an additional 90,500 shares during the period. Ping Capital Management Inc. boosted its stake in Pampa Energia by 217.6% during the 3rd quarter. Ping Capital Management Inc. now owns 242,000 shares of the utilities provider’s stock valued at $14,535,000 after purchasing an additional 165,800 shares during the period. Finally, Millennium Management LLC grew its position in Pampa Energia by 85.4% in the 1st quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock worth $12,547,000 after purchasing an additional 74,841 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors.

Pampa Energia Trading Up 2.7%

NYSE PAM opened at $77.27 on Thursday. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50. The company’s 50 day simple moving average is $83.32 and its 200 day simple moving average is $77.79. The company has a current ratio of 3.11, a quick ratio of 2.33 and a debt-to-equity ratio of 0.51.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results on Monday, March 2nd. The utilities provider reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $2.35. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%.The firm had revenue of $507.00 million during the quarter, compared to analyst estimates of $737.30 billion. On average, analysts anticipate that Pampa Energia S.A. will post 9.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PAM shares. Wall Street Zen raised Pampa Energia from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Finally, Zacks Research lowered Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 31st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $113.00.

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.