Deltec Asset Management LLC Has $1.04 Million Stake in Pampa Energia S.A. $PAM

Deltec Asset Management LLC increased its stake in Pampa Energia S.A. (NYSE:PAM) by 134.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,738 shares of the utilities provider’s stock after purchasing an additional 6,738 shares during the quarter. Deltec Asset Management LLC’s holdings in Pampa Energia were worth $1,039,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Pampa Energia in the second quarter valued at $37,000. NFJ Investment Group LLC acquired a new position in Pampa Energia during the 4th quarter worth approximately $104,000. Van ECK Associates Corp bought a new position in Pampa Energia in the third quarter worth approximately $139,000. Arete Wealth Advisors LLC bought a new position in Pampa Energia in the fourth quarter worth approximately $212,000. Finally, DGS Capital Management LLC acquired a new stake in Pampa Energia in the fourth quarter valued at approximately $234,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Insider Transactions at Pampa Energia

In other news, Director Marcos Marcelo Mindlin bought 287,916 shares of the stock in a transaction dated Friday, June 26th. The stock was bought at an average price of $3.37 per share, for a total transaction of $970,276.92. Following the completion of the acquisition, the director directly owned 23,057,667 shares in the company, valued at approximately $77,704,337.79. This trade represents a 1.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Damian Miguel Mindlin sold 555,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the transaction, the insider directly owned 12,541,870 shares in the company, valued at $44,523,638.50. The trade was a 4.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders bought 1,710,694 shares of company stock worth $7,701,005 and sold 8,637,500 shares worth $29,945,775. Company insiders own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and upped their target price for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. JPMorgan Chase & Co. boosted their price target on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research note on Monday, June 1st. Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Finally, Wall Street Zen cut shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.83.

Pampa Energia Stock Down 2.4%

Shares of NYSE:PAM opened at $80.15 on Thursday. The business’s 50 day moving average is $82.79 and its 200 day moving average is $83.72. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 2.90 and a beta of 0.97. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The business had revenue of $573.00 million during the quarter. On average, sell-side analysts forecast that Pampa Energia S.A. will post 9.69 earnings per share for the current fiscal year.

Pampa Energia 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.