Pampa Energia S.A. (NYSE:PAM) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC grew its position in shares of Pampa Energia S.A. (NYSE:PAM) by 6.5% during the 1st quarter, Holdings Channel reports. The firm owned 14,397 shares of the utilities provider’s stock after purchasing an additional 878 shares during the period. Townsquare Capital LLC’s holdings in Pampa Energia were worth $1,111,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Banco Santander S.A. acquired a new position in shares of Pampa Energia during the 1st quarter valued at $221,000. Advisors Preferred LLC boosted its stake in shares of Pampa Energia by 158.9% during the 1st quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 448 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in shares of Pampa Energia by 33.3% during the 1st quarter. Diversify Advisory Services LLC now owns 5,819 shares of the utilities provider’s stock worth $428,000 after acquiring an additional 1,454 shares in the last quarter. Ping Capital Management Inc. boosted its stake in shares of Pampa Energia by 451.5% during the 1st quarter. Ping Capital Management Inc. now owns 43,567 shares of the utilities provider’s stock worth $3,363,000 after acquiring an additional 35,667 shares in the last quarter. Finally, Burns Matteson Capital Management LLC bought a new stake in shares of Pampa Energia during the 1st quarter worth $186,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on PAM shares. Wall Street Zen raised Pampa Energia from a “hold” rating to a “buy” rating in a research report on Wednesday, May 21st. Citigroup raised their target price on Pampa Energia from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, May 19th.

Pampa Energia Price Performance

Shares of NYSE:PAM opened at $74.34 on Friday. Pampa Energia S.A. has a fifty-two week low of $50.26 and a fifty-two week high of $97.55. The business has a 50-day moving average of $73.21 and a two-hundred day moving average of $76.23. The stock has a market capitalization of $4.05 billion, a P/E ratio of 9.17, a P/E/G ratio of 4.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.70 and a quick ratio of 2.33.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $2.35 by ($1.65). The business had revenue of $486.00 million for the quarter, compared to analyst estimates of $632.05 million. Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%. On average, equities research analysts predict that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.

Pampa Energia 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.