Hermes Investment Management Ltd. cut its stake in shares of Pampa Energia S.A. (NYSE:PAM) by 72.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,010 shares of the utilities provider’s stock after selling 482,032 shares during the period. Hermes Investment Management Ltd. owned approximately 0.25% of Pampa Energia worth $10,770,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fisher Asset Management LLC bought a new position in Pampa Energia during the second quarter worth approximately $559,000. Creative Planning increased its position in Pampa Energia by 32.1% in the second quarter. Creative Planning now owns 1,850 shares of the utilities provider’s stock worth $109,000 after buying an additional 450 shares during the period. Atria Investments LLC bought a new position in Pampa Energia during the second quarter worth approximately $317,000. Goldman Sachs Group Inc. increased its position in Pampa Energia by 6.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,431,579 shares of the utilities provider’s stock worth $77,620,000 after buying an additional 80,760 shares during the period. Finally, Driehaus Capital Management LLC increased its position in Pampa Energia by 25.3% in the first quarter. Driehaus Capital Management LLC now owns 331,632 shares of the utilities provider’s stock worth $17,981,000 after buying an additional 66,859 shares during the period. Hedge funds and other institutional investors own 51.08% of the company’s stock.
Shares of Pampa Energia S.A. (PAM) traded up 3.01% during mid-day trading on Friday, hitting $55.01. 399,962 shares of the company’s stock were exchanged. The company’s market capitalization is $4.04 billion. The firm has a 50 day moving average price of $56.00 and a 200-day moving average price of $54.62. Pampa Energia S.A. has a 52 week low of $24.12 and a 52 week high of $65.51.
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A number of research firms have commented on PAM. BidaskClub downgraded shares of Pampa Energia from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Bank of America Corporation reiterated a “buy” rating and set a $75.00 price objective (up from $65.00) on shares of Pampa Energia in a research note on Saturday, June 3rd. Finally, TheStreet cut shares of Pampa Energia from a “c” rating to a “d” rating in a report on Wednesday, May 24th.
Pampa Energia Company Profile
Pampa Energia SA is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena SA, Central Termica Guemes SA, Central Termica Loma de la Lata SA and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector.
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