Verde Servicos Internacionais S.A. Takes Position in Pampa Energía S.A. (NYSE:PAM)

Verde Servicos Internacionais S.A. acquired a new stake in Pampa Energía S.A. (NYSE:PAM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,500 shares of the utilities provider’s stock, valued at approximately $308,000.

A number of other institutional investors have also modified their holdings of PAM. Blue Trust Inc. raised its holdings in Pampa Energía by 62.7% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 259 shares in the last quarter. PFG Investments LLC purchased a new position in shares of Pampa Energía during the 4th quarter worth approximately $226,000. DGS Capital Management LLC acquired a new stake in shares of Pampa Energía in the 4th quarter valued at approximately $282,000. Diversify Wealth Management LLC boosted its stake in shares of Pampa Energía by 19.7% in the fourth quarter. Diversify Wealth Management LLC now owns 18,081 shares of the utilities provider’s stock valued at $1,716,000 after buying an additional 2,971 shares in the last quarter. Finally, TT International Asset Management LTD grew its holdings in 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. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PAM shares. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research report on Friday, January 10th. Finally, Citigroup cut shares of Pampa Energía from a “buy” rating to a “neutral” rating and increased their price objective for the company from $58.00 to $75.00 in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $71.63.

Pampa Energía Stock Performance

Pampa Energía stock opened at $82.72 on Tuesday. The stock has a fifty day moving average price of $87.86 and a 200 day moving average price of $68.43. 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 S.A. has a 52 week low of $38.15 and a 52 week high of $97.55. The firm has a market capitalization of $4.51 billion, a P/E ratio of 12.73 and a beta of 0.94.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.95. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $517.71 million. During the same period in the prior year, the firm posted $2.80 EPS. Equities research analysts anticipate that Pampa Energía S.A. will post 8.96 earnings per share for the current 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.