Wellington Management Group LLP Makes New $1.51 Million Investment in Pampa Energía S.A. (NYSE:PAM)

Wellington Management Group LLP bought a new stake in Pampa Energía S.A. (NYSE:PAM) in the fourth quarter, HoldingsChannel reports. The fund bought 17,198 shares of the utilities provider’s stock, valued at approximately $1,512,000.

Other large investors also recently modified their holdings of the company. Tidal Investments LLC acquired a new position in shares of Pampa Energía in the 3rd quarter valued at approximately $997,000. JPMorgan Chase & Co. boosted its holdings in shares of Pampa Energía by 40.2% in the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider’s stock valued at $9,513,000 after buying an additional 45,409 shares during the period. GAMMA Investing LLC increased its position in shares of Pampa Energía by 75.9% during the fourth quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 1,063 shares in the last quarter. TT International Asset Management LTD raised its holdings in shares of Pampa Energía by 250.9% during 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 acquiring an additional 862,723 shares during the period. Finally, Diversify Wealth Management LLC lifted its position in Pampa Energía by 19.7% in the 4th quarter. Diversify Wealth Management LLC now owns 18,081 shares of the utilities provider’s stock valued at $1,716,000 after acquiring an additional 2,971 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price target on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note 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 MarketBeat, Pampa Energía currently has a consensus rating of “Hold” and a consensus price target of $71.63.

Pampa Energía Stock Performance

Shares of PAM opened at $69.56 on Monday. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 10.70 and a beta of 0.94. Pampa Energía S.A. has a 12 month low of $38.58 and a 12 month high of $97.55. The firm has a fifty day simple moving average of $77.27 and a 200 day simple moving average of $78.66. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

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

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.