Tidal Investments LLC bought a new position in Pampa Energía S.A. (NYSE:PAM - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 16,613 shares of the utilities provider's stock, valued at approximately $997,000.
Other large investors have also recently modified their holdings of the company. Whittier Trust Co. lifted its holdings in shares of Pampa Energía by 10.4% in the 2nd quarter. Whittier Trust Co. now owns 13,900 shares of the utilities provider's stock worth $615,000 after acquiring an additional 1,312 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Pampa Energía by 144.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider's stock worth $87,000 after purchasing an additional 1,166 shares during the last quarter. Ping Capital Management Inc. bought a new stake in Pampa Energía in the second quarter worth about $2,470,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Pampa Energía during the second quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Pampa Energía by 89.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider's stock valued at $102,000 after buying an additional 1,059 shares during the last quarter. Institutional investors own 12.77% of the company's stock.
NYSE:PAM opened at $84.97 on Friday. The firm has a 50-day simple moving average of $76.78 and a 200-day simple moving average of $59.79. Pampa Energía S.A. has a one year low of $38.15 and a one year high of $93.11. The firm has a market cap of $4.63 billion, a P/E ratio of 13.07 and a beta of 0.96. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.95. The company had revenue of $540.00 million during the quarter, compared to the consensus estimate of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. During the same quarter in the previous year, the firm posted $2.80 earnings per share. Equities analysts anticipate that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.
Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Pampa Energía from $55.00 to $59.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Bank of America upped their price target on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. Citigroup lowered shares of Pampa Energía from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $58.00 to $75.00 in a report on Friday, November 1st. Finally, StockNews.com raised shares of Pampa Energía from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $63.00.
View Our Latest Analysis on PAM
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.
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