Goldman Sachs Group Inc. increased its holdings in shares of Pampa Energia S.A. (NYSE:PAM) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,540,981 shares of the utilities provider’s stock after acquiring an additional 42,803 shares during the period. Goldman Sachs Group Inc. owned about 2.10% of Pampa Energia worth $103,677,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Pampa Energia by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,728,446 shares of the utilities provider’s stock worth $107,163,000 after acquiring an additional 10,593 shares during the last quarter. Bienville Capital Management LLC raised its position in Pampa Energia by 45.8% during the 3rd quarter. Bienville Capital Management LLC now owns 389,409 shares of the utilities provider’s stock valued at $25,350,000 after purchasing an additional 122,381 shares in the last quarter. SG Americas Securities LLC bought a new stake in Pampa Energia during the 3rd quarter valued at $4,811,000. Key Square Capital Management LLC bought a new stake in Pampa Energia during the 3rd quarter valued at $19,530,000. Finally, TT International raised its position in Pampa Energia by 127.5% during the 3rd quarter. TT International now owns 659,270 shares of the utilities provider’s stock valued at $42,918,000 after purchasing an additional 369,430 shares in the last quarter. 44.19% of the stock is owned by hedge funds and other institutional investors.
PAM has been the subject of a number of research analyst reports. ValuEngine raised Pampa Energia from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Santander raised Pampa Energia from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Zacks Investment Research lowered Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 28th. Finally, Morgan Stanley raised Pampa Energia from an “equal weight” rating to an “overweight” rating and set a $69.00 target price for the company in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $71.00.
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Pampa Energia 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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