GAMMA Investing LLC Has $217,000 Holdings in Pampa Energía S.A. (NYSE:PAM)

GAMMA Investing LLC increased its holdings in shares of Pampa Energía S.A. (NYSE:PAM) by 75.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,464 shares of the utilities provider’s stock after acquiring an additional 1,063 shares during the period. GAMMA Investing LLC’s holdings in Pampa Energía were worth $217,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fourth Sail Capital LP acquired a new position in shares of Pampa Energía during the 3rd quarter worth about $8,552,000. Dorsey Wright & Associates boosted its position in Pampa Energía by 12.1% during the third quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider’s stock valued at $4,208,000 after purchasing an additional 7,553 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Pampa Energía in the second quarter valued at approximately $950,000. TT International Asset Management LTD increased its position in shares of Pampa Energía by 797.4% during the 3rd quarter. TT International Asset Management LTD now owns 343,880 shares of the utilities provider’s stock worth $20,646,000 after purchasing an additional 305,559 shares during the last quarter. Finally, Truist Financial Corp bought a new stake in shares of Pampa Energía during the 2nd quarter worth approximately $854,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energía Trading Up 0.5 %

PAM stock opened at $94.62 on Wednesday. Pampa Energía S.A. has a one year low of $38.15 and a one year high of $97.55. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 14.56 and a beta of 0.94. The company has a fifty day moving average price of $82.72 and a two-hundred day moving average price of $64.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13.

Pampa Energía (NYSE:PAM) last announced its 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 business 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 EPS. Equities analysts anticipate that Pampa Energía S.A. will post 8.65 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on PAM. JPMorgan Chase & Co. raised their target price on shares of Pampa Energía from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Bank of America lifted their price objective on shares of Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup cut Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Pampa Energía currently has a consensus rating of “Hold” and an average price target of $63.00.

About Pampa Energía

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.