Ping Capital Management Inc. Sells 7,100 Shares of Pampa Energía S.A. (NYSE:PAM)

Ping Capital Management Inc. cut its position in Pampa Energía S.A. (NYSE:PAM) by 47.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,900 shares of the utilities provider’s stock after selling 7,100 shares during the quarter. Ping Capital Management Inc.’s holdings in Pampa Energía were worth $695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in Pampa Energía by 158.1% during the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 253 shares during the period. GAMMA Investing LLC grew its holdings in shares of Pampa Energía by 32.7% in the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after acquiring an additional 345 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Pampa Energía by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock worth $150,000 after buying an additional 526 shares during the last quarter. Wrapmanager Inc. bought a new stake in shares of Pampa Energía in the third quarter valued at $221,000. Finally, PFG Investments LLC bought a new stake in shares of Pampa Energía in the fourth quarter valued at approximately $226,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on PAM. JPMorgan Chase & Co. raised their target price on Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and upped their target price for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Finally, StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Pampa Energía has a consensus rating of “Hold” and an average target price of $71.63.

Pampa Energía Stock Up 1.5 %

Shares of NYSE PAM opened at $86.26 on Wednesday. Pampa Energía S.A. has a 12 month low of $38.15 and a 12 month high of $97.55. The business has a 50-day moving average of $88.34 and a 200-day moving average of $70.15. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 13.27 and a beta of 0.92. 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, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The firm had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $517.71 million. During the same period last year, the firm earned $2.80 earnings per share. Sell-side analysts expect that Pampa Energía S.A. will post 8.96 earnings per share 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.