2,375 Shares in Pampa Energía S.A. (NYSE:PAM) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new stake in shares of Pampa Energía S.A. (NYSE:PAM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,375 shares of the utilities provider’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TT International Asset Management LTD boosted its holdings in shares of Pampa Energía by 250.9% in the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider’s stock worth $106,108,000 after buying an additional 862,723 shares during the last quarter. Candriam S.C.A. bought a new position in Pampa Energía in the fourth quarter worth approximately $8,038,000. Alberta Investment Management Corp purchased a new position in shares of Pampa Energía during the 4th quarter worth $7,047,000. Point72 Asset Management L.P. bought a new stake in shares of Pampa Energía during the 3rd quarter valued at $2,738,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Pampa Energía by 40.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider’s stock worth $9,513,000 after purchasing an additional 45,409 shares in the last quarter. 12.77% of the stock is owned by institutional investors.

Pampa Energía Price Performance

Shares of NYSE:PAM opened at $79.41 on Friday. The firm’s 50 day simple moving average is $81.15 and its two-hundred day simple moving average is $77.78. 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 company has a market capitalization of $4.33 billion, a P/E ratio of 12.22 and a beta of 0.92. Pampa Energía S.A. has a 1-year low of $38.58 and a 1-year high of $97.55.

Pampa Energía (NYSE:PAM) last released its earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $454.61 million. Research analysts expect that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Pampa Energía 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.