Global X Management Co. LLC increased its stake in shares of Pampa Energia S.A. (NYSE:PAM) by 4.8% during the second quarter, Holdings Channel reports. The institutional investor owned 101,352 shares of the utilities provider’s stock after buying an additional 4,631 shares during the period. Global X Management Co. LLC’s holdings in Pampa Energia were worth $5,965,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Pampa Energia by 80.5% in the first quarter. JPMorgan Chase & Co. now owns 1,783,747 shares of the utilities provider’s stock valued at $96,715,000 after buying an additional 795,743 shares in the last quarter. Morgan Stanley raised its position in shares of Pampa Energia by 29.4% in the first quarter. Morgan Stanley now owns 1,524,137 shares of the utilities provider’s stock valued at $82,639,000 after buying an additional 345,985 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Pampa Energia by 6.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,431,579 shares of the utilities provider’s stock valued at $77,620,000 after buying an additional 80,760 shares in the last quarter. Bank of America Corp DE raised its position in shares of Pampa Energia by 10,294.6% in the first quarter. Bank of America Corp DE now owns 1,202,028 shares of the utilities provider’s stock valued at $65,175,000 after buying an additional 1,190,464 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Pampa Energia by 7.7% in the first quarter. Wellington Management Group LLP now owns 768,727 shares of the utilities provider’s stock valued at $41,681,000 after buying an additional 54,835 shares in the last quarter. Institutional investors own 51.08% of the company’s stock.

Shares of Pampa Energia S.A. (NYSE PAM) opened at 55.01 on Friday. The stock has a 50 day moving average price of $56.00 and a 200 day moving average price of $54.62. Pampa Energia S.A. has a 12-month low of $24.12 and a 12-month high of $65.51. The firm’s market capitalization is $4.04 billion.

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Several equities analysts have commented on PAM shares. Bank of America Corporation reiterated a “buy” rating and issued a $75.00 price target (up from $65.00) on shares of Pampa Energia in a research note on Saturday, June 3rd. BidaskClub downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, TheStreet downgraded Pampa Energia from a “c” rating to a “d” rating in a report on Wednesday, May 24th.

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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Institutional Ownership by Quarter for Pampa Energia (NYSE:PAM)

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