Capital Research Global Investors Sells 530,868 Shares of Pampa Energia S.A. (PAM)
Capital Research Global Investors decreased its holdings in shares of Pampa Energia S.A. (NYSE:PAM) by 23.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,724,988 shares of the utilities provider’s stock after selling 530,868 shares during the period. Capital Research Global Investors owned approximately 2.35% of Pampa Energia worth $101,516,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning boosted its stake in shares of Pampa Energia by 32.1% during the second quarter. Creative Planning now owns 1,850 shares of the utilities provider’s stock worth $109,000 after buying an additional 450 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Pampa Energia by 10.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,500 shares of the utilities provider’s stock worth $324,000 after buying an additional 500 shares during the period. KCG Holdings Inc. boosted its stake in shares of Pampa Energia by 6.6% during the first quarter. KCG Holdings Inc. now owns 14,044 shares of the utilities provider’s stock worth $761,000 after buying an additional 868 shares during the period. Parkwood LLC boosted its stake in shares of Pampa Energia by 19.3% during the second quarter. Parkwood LLC now owns 12,760 shares of the utilities provider’s stock worth $751,000 after buying an additional 2,060 shares during the period. Finally, Pacad Investment Ltd. acquired a new stake in shares of Pampa Energia during the second quarter worth about $159,000. Institutional investors and hedge funds own 44.37% of the company’s stock.
Pampa Energia S.A. (NYSE PAM) opened at 67.19 on Friday. Pampa Energia S.A. has a 12-month low of $30.60 and a 12-month high of $68.00. The company’s 50-day moving average is $61.91 and its 200 day moving average is $58.73. The stock has a market capitalization of $4.94 billion, a PE ratio of 46.34 and a beta of 1.26.
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Several equities research analysts have recently weighed in on PAM shares. BidaskClub downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. ValuEngine downgraded shares of Pampa Energia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Morgan Stanley assumed coverage on shares of Pampa Energia in a report on Tuesday, September 19th. They set an “equal weight” rating and a $69.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $72.00.
About Pampa Energia
Pampa Energia SA is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena SA, Central Termica Guemes SA, Central Termica Loma de la Lata SA and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector.
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