Stifel Financial Corp Lowers Stake in Pampa Energía S.A. (NYSE:PAM)

Stifel Financial Corp lessened its stake in Pampa Energía S.A. (NYSE:PAM) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,268 shares of the utilities provider’s stock after selling 359 shares during the period. Stifel Financial Corp’s holdings in Pampa Energía were worth $991,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAM. TT International Asset Management LTD grew its stake in Pampa Energía by 250.9% in the 4th 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 45,409 shares during the period. ABS Direct Equity Fund LLC raised its holdings in shares of Pampa Energía by 186.7% in the fourth quarter. ABS Direct Equity Fund LLC now owns 17,200 shares of the utilities provider’s stock valued at $1,513,000 after acquiring an additional 11,200 shares in the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in Pampa Energía in the fourth quarter worth about $308,000. Finally, DGS Capital Management LLC purchased a new position in Pampa Energía during the 4th quarter valued at about $282,000. Institutional investors own 12.77% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective on shares of Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pampa Energía presently has a consensus rating of “Hold” and an average price target of $71.63.

Pampa Energía Stock Up 4.3 %

Shares of Pampa Energía stock opened at $75.44 on Friday. Pampa Energía S.A. has a 52-week low of $38.58 and a 52-week high of $97.55. The firm’s 50 day moving average price is $75.26 and its 200-day moving average price is $79.93. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The company has a market cap of $4.11 billion, a P/E ratio of 11.61 and a beta of 1.16.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The business had revenue of $435.00 million for the quarter, compared to the consensus estimate of $454.61 million. On average, sell-side analysts predict that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

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.