Dorsey Wright & Associates Reduces Holdings in Pampa Energia S.A. $PAM

Dorsey Wright & Associates reduced its position in Pampa Energia S.A. (NYSE:PAM) by 38.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,907 shares of the utilities provider’s stock after selling 18,861 shares during the quarter. Dorsey Wright & Associates’ holdings in Pampa Energia were worth $2,075,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Preferred LLC grew its holdings in shares of Pampa Energia by 158.9% during the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider’s stock worth $58,000 after buying an additional 448 shares in the last quarter. LWM Advisory Services LLC boosted its position in Pampa Energia by 11.7% during the first quarter. LWM Advisory Services LLC now owns 5,291 shares of the utilities provider’s stock worth $408,000 after acquiring an additional 555 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in Pampa Energia during the 2nd quarter valued at about $51,000. Townsquare Capital LLC raised its holdings in Pampa Energia by 6.5% in the 1st quarter. Townsquare Capital LLC now owns 14,397 shares of the utilities provider’s stock valued at $1,111,000 after acquiring an additional 878 shares during the last quarter. Finally, Whittier Trust Co. raised its holdings in Pampa Energia by 10.5% in the 2nd quarter. Whittier Trust Co. now owns 23,229 shares of the utilities provider’s stock valued at $1,612,000 after acquiring an additional 2,212 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PAM. Weiss Ratings reissued a “hold (c-)” rating on shares of Pampa Energia in a research note on Wednesday, October 8th. Wall Street Zen raised Pampa Energia from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Citigroup raised Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Monday, November 3rd. Finally, Zacks Research upgraded Pampa Energia from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $103.25.

Pampa Energia Stock Up 1.5%

Shares of NYSE PAM opened at $89.08 on Wednesday. The company has a market capitalization of $4.86 billion, a P/E ratio of 10.98, a P/E/G ratio of 7.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.70 and a quick ratio of 2.33. The company has a 50 day simple moving average of $70.02 and a 200-day simple moving average of $72.28. Pampa Energia S.A. has a 1 year low of $54.95 and a 1 year high of $97.55.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.97). Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%.The business had revenue of $591.00 million during the quarter, compared to analysts’ expectations of $864.09 billion. On average, equities research analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

Pampa Energia Profile

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.