Mackenzie Financial Corp Takes Position in Pampa Energía S.A. (NYSE:PAM)

Mackenzie Financial Corp bought a new stake in Pampa Energía S.A. (NYSE:PAM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,000 shares of the utilities provider’s stock, valued at approximately $743,000.

Several other institutional investors and hedge funds have also bought and sold shares of PAM. FNY Investment Advisers LLC bought a new position in Pampa Energía during the fourth quarter valued at $99,000. Quantbot Technologies LP grew its holdings in Pampa Energía by 177.5% during the third quarter. Quantbot Technologies LP now owns 3,386 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 2,166 shares during the period. Claro Advisors LLC bought a new position in Pampa Energía during the fourth quarter valued at $237,000. Beverly Hills Private Wealth LLC bought a new position in Pampa Energía during the fourth quarter valued at $253,000. Finally, Outlook Wealth Advisors LLC bought a new position in Pampa Energía during the fourth quarter valued at $255,000. 12.77% of the stock is owned by institutional investors.

Pampa Energía Trading Up 0.7 %

Shares of PAM stock opened at $43.86 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.16 and a current ratio of 2.56. Pampa Energía S.A. has a 52-week low of $32.10 and a 52-week high of $52.17. The company has a market capitalization of $2.39 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 0.44 and a beta of 0.95. The business’s fifty day moving average is $42.75 and its 200 day moving average is $43.92.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.44) by ($1.46). Pampa Energía had a return on equity of 10.84% and a net margin of 17.45%. The business had revenue of $362.00 million during the quarter, compared to analysts’ expectations of $395.56 million. On average, equities research analysts anticipate that Pampa Energía S.A. will post 7.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com downgraded Pampa Energía from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Citigroup dropped their target price on Pampa Energía from $55.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.33.

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.