ABS Direct Equity Fund LLC Raises Position in Pampa Energía S.A. (NYSE:PAM)

ABS Direct Equity Fund LLC raised its stake in Pampa Energía S.A. (NYSE:PAM) by 186.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,200 shares of the utilities provider’s stock after buying an additional 11,200 shares during the period. Pampa Energía comprises about 1.8% of ABS Direct Equity Fund LLC’s investment portfolio, making the stock its 25th biggest position. ABS Direct Equity Fund LLC’s holdings in Pampa Energía were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 253 shares during the period. GAMMA Investing LLC raised its position in Pampa Energía by 32.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 345 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Pampa Energía by 26.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock worth $150,000 after buying an additional 526 shares during the period. PFG Investments LLC bought a new stake in shares of Pampa Energía in the 4th quarter worth approximately $226,000. Finally, DGS Capital Management LLC purchased a new position in shares of Pampa Energía during the fourth quarter valued at approximately $282,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energía Stock Performance

Pampa Energía stock opened at $82.72 on Tuesday. The company has a 50 day moving average price of $87.86 and a 200-day moving average price of $68.43. The company has a market capitalization of $4.51 billion, a PE ratio of 12.73 and a beta of 0.94. Pampa Energía S.A. has a fifty-two week low of $38.15 and a fifty-two week high of $97.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41.

Pampa Energía (NYSE:PAM) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The firm had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. During the same period in the previous year, the business earned $2.80 EPS. As a group, equities analysts forecast that Pampa Energía S.A. will post 8.96 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup lowered Pampa Energía from a “buy” rating to a “neutral” rating and increased their target price for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $71.63.

About Pampa Energía

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.