Marex Group plc Buys New Holdings in Pampa Energia S.A. $PAM

Marex Group plc purchased a new position in Pampa Energia S.A. (NYSE:PAM) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 20,885 shares of the utilities provider’s stock, valued at approximately $1,449,000.

A number of other institutional investors also recently bought and sold shares of PAM. Quantbot Technologies LP purchased a new stake in shares of Pampa Energia in the 1st quarter valued at $336,000. Hsbc Holdings PLC lifted its position in Pampa Energia by 16.7% during the first quarter. Hsbc Holdings PLC now owns 35,549 shares of the utilities provider’s stock valued at $2,754,000 after purchasing an additional 5,088 shares during the period. Banco BTG Pactual S.A. boosted its holdings in Pampa Energia by 223.5% in the first quarter. Banco BTG Pactual S.A. now owns 16,500 shares of the utilities provider’s stock valued at $1,274,000 after purchasing an additional 11,400 shares during the last quarter. Titan Global Capital Management USA LLC acquired a new stake in Pampa Energia during the 1st quarter worth about $772,000. Finally, Itau Unibanco Holding S.A. grew its position in Pampa Energia by 1,122.0% during the 1st quarter. Itau Unibanco Holding S.A. now owns 213,674 shares of the utilities provider’s stock worth $16,067,000 after purchasing an additional 196,188 shares during the period. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energia Stock Performance

Shares of PAM stock opened at $88.25 on Monday. The business’s 50 day moving average is $80.09 and its two-hundred day moving average is $73.48. The company has a current ratio of 2.68, a quick ratio of 2.33 and a debt-to-equity ratio of 0.43. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $97.55.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.97). The business had revenue of $577.40 million during the quarter, compared to analysts’ expectations of $864.09 billion. Pampa Energia had a net margin of 16.72% and a return on equity of 9.39%. On average, equities analysts expect that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PAM. Wall Street Zen raised Pampa Energia from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Pampa Energia in a report on Wednesday, October 8th. Citigroup raised shares of 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 raised shares of Pampa Energia from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $103.25.

Pampa Energia 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.