Pampa Energía S.A. (NYSE:PAM) Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates reduced its position in Pampa Energía S.A. (NYSE:PAM) by 22.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,189 shares of the utilities provider’s stock after selling 15,897 shares during the period. Pampa Energía makes up approximately 1.1% of Dorsey Wright & Associates’ holdings, making the stock its 29th largest holding. Dorsey Wright & Associates owned approximately 0.10% of Pampa Energía worth $4,765,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PAM. Advisors Preferred LLC acquired a new position in Pampa Energía during the fourth quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Pampa Energía during the 4th quarter valued at $49,000. Blue Trust Inc. boosted its position in Pampa Energía by 62.7% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 259 shares during the period. Virtu Financial LLC acquired a new stake in Pampa Energía in the 4th quarter valued at $209,000. Finally, QRG Capital Management Inc. purchased a new position in Pampa Energía in the fourth quarter valued at about $210,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energía Price Performance

Shares of PAM stock opened at $79.41 on Friday. Pampa Energía S.A. has a twelve month low of $38.58 and a twelve month high of $97.55. The company has a market capitalization of $4.33 billion, a PE ratio of 12.22 and a beta of 0.92. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $81.15 and a 200-day simple moving average of $77.78.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The firm had revenue of $435.00 million during the quarter, compared to analyst estimates of $454.61 million. Equities research analysts anticipate that Pampa Energía S.A. will post 9.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their target price on Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $71.63.

Pampa Energía Company 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.