Pendal Group Ltd increased its position in shares of Pampa Energia S.A. (NYSE:PAM) by 323.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,905 shares of the utilities provider’s stock after purchasing an additional 54,934 shares during the quarter. Pendal Group Ltd owned 0.10% of Pampa Energia worth $2,233,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. lifted its holdings in Pampa Energia by 76.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 4,400 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 1,900 shares during the period. Comerica Bank lifted its holdings in Pampa Energia by 60.1% in the second quarter. Comerica Bank now owns 5,908 shares of the utilities provider’s stock valued at $222,000 after acquiring an additional 2,218 shares during the period. CarVal Investors LLC acquired a new position in Pampa Energia in the second quarter valued at approximately $322,000. Coronation Fund Managers Ltd. acquired a new position in Pampa Energia in the third quarter valued at approximately $492,000. Finally, LSV Asset Management lifted its holdings in Pampa Energia by 31.0% in the second quarter. LSV Asset Management now owns 15,981 shares of the utilities provider’s stock valued at $571,000 after acquiring an additional 3,781 shares during the period. 35.91% of the stock is owned by hedge funds and other institutional investors.
Shares of PAM stock opened at $34.64 on Friday. The company has a debt-to-equity ratio of 4.87, a current ratio of 1.44 and a quick ratio of 1.33. The company has a market cap of $2.57 billion, a PE ratio of 32.97 and a beta of 0.95. Pampa Energia S.A. has a 1-year low of $24.93 and a 1-year high of $72.98.
Pampa Energia (NYSE:PAM) last announced its earnings results on Monday, August 13th. The utilities provider reported ($2.84) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.14) by ($1.70). The business had revenue of $882.57 million for the quarter. Pampa Energia had a return on equity of 8.21% and a net margin of 5.30%. On average, sell-side analysts forecast that Pampa Energia S.A. will post -1.88 earnings per share for the current fiscal year.
PAM has been the subject of a number of analyst reports. Zacks Investment Research downgraded Pampa Energia from a “hold” rating to a “strong sell” rating in a report on Thursday, September 20th. JPMorgan Chase & Co. initiated coverage on Pampa Energia in a report on Tuesday, July 31st. They issued an “overweight” rating and a $65.00 price target for the company. Bank of America set a $55.00 price target on Pampa Energia and gave the company a “buy” rating in a report on Friday, September 14th. ValuEngine raised Pampa Energia from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, HSBC began coverage on Pampa Energia in a research note on Thursday, August 30th. They set a “buy” rating and a $40.00 target price for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.60.
ILLEGAL ACTIVITY NOTICE: “Pendal Group Ltd Grows Position in Pampa Energia S.A. (PAM)” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2018/11/10/pendal-group-ltd-grows-position-in-pampa-energia-s-a-pam.html.
Pampa Energia Profile
Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.
Featured Story: What Is An Exchange-Traded Fund (ETF)?
Receive News & Ratings for Pampa Energia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pampa Energia and related companies with MarketBeat.com's FREE daily email newsletter.