BNP Paribas Financial Markets Trims Position in Pampa Energía S.A. (NYSE:PAM)

BNP Paribas Financial Markets reduced its holdings in Pampa Energía S.A. (NYSE:PAM) by 85.9% during the 3rd quarter, Holdings Channel reports. The fund owned 2,731 shares of the utilities provider’s stock after selling 16,696 shares during the period. BNP Paribas Financial Markets’ holdings in Pampa Energía were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Helikon Investments Ltd boosted its holdings in Pampa Energía by 146.6% in the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock valued at $79,218,000 after purchasing an additional 784,407 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Pampa Energía by 428.0% in the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after buying an additional 509,487 shares during the last quarter. Fourth Sail Capital LP acquired a new stake in Pampa Energía during the third quarter worth about $8,552,000. Glenorchy Capital Ltd raised its position in Pampa Energía by 35.5% during the third quarter. Glenorchy Capital Ltd now owns 75,223 shares of the utilities provider’s stock valued at $4,516,000 after acquiring an additional 19,717 shares in the last quarter. Finally, Ping Capital Management Inc. acquired a new position in Pampa Energía in the second quarter valued at approximately $2,470,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energía Trading Down 1.2 %

Shares of PAM stock opened at $90.68 on Wednesday. Pampa Energía S.A. has a 1-year low of $38.15 and a 1-year high of $93.11. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 13.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The stock has a 50 day simple moving average of $75.34 and a 200-day simple moving average of $59.14.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping the consensus estimate of $1.75 by $0.95. The company had revenue of $540.00 million during the quarter, compared to analyst estimates 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 earned $2.80 EPS. On average, equities research analysts expect that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.

Analyst Ratings Changes

PAM has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and raised their price target for the company from $58.00 to $75.00 in a research report on Friday, November 1st. StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Three 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 has an average rating of “Hold” and a consensus price target of $63.00.

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.