Deltec Asset Management LLC Buys 6,738 Shares of Pampa Energia S.A. $PAM

Deltec Asset Management LLC lifted its stake in shares of Pampa Energia S.A. (NYSE:PAM) by 134.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,738 shares of the utilities provider’s stock after buying an additional 6,738 shares during the period. Deltec Asset Management LLC’s holdings in Pampa Energia were worth $1,039,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PAM. Millennium Management LLC grew its position in Pampa Energia by 85.4% during the 1st quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock worth $12,547,000 after acquiring an additional 74,841 shares during the last quarter. Jane Street Group LLC increased its holdings in Pampa Energia by 44.1% in the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock worth $1,514,000 after purchasing an additional 6,005 shares in the last quarter. Marshall Wace LLP raised its position in Pampa Energia by 21.7% in the second quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock valued at $3,965,000 after purchasing an additional 10,195 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Pampa Energia during the second quarter valued at about $578,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Pampa Energia during the second quarter valued at about $379,000. 12.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PAM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Wall Street Zen downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and upped their price target for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. Zacks Research raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Pampa Energia presently has a consensus rating of “Moderate Buy” and an average target price of $103.83.

Pampa Energia Price Performance

Pampa Energia stock opened at $80.15 on Thursday. The stock’s 50 day moving average is $82.79 and its 200 day moving average is $83.72. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. The firm has a market cap of $4.31 billion, a P/E ratio of 9.99, a P/E/G ratio of 2.90 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78.

Pampa Energia (NYSE:PAM) last released its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The business had revenue of $573.00 million during the quarter. As a group, research analysts expect that Pampa Energia S.A. will post 9.69 EPS for the current year.

Insider Transactions at Pampa Energia

In other news, Director Marcos Marcelo Mindlin bought 287,916 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average price of $3.37 per share, for a total transaction of $970,276.92. Following the completion of the acquisition, the director directly owned 23,057,667 shares in the company, valued at approximately $77,704,337.79. This represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Damian Miguel Mindlin sold 555,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the sale, the insider directly owned 12,541,870 shares in the company, valued at $44,523,638.50. This trade represents a 4.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders bought 1,710,694 shares of company stock worth $7,701,005 and sold 8,637,500 shares worth $29,945,775. 55.52% of the stock is currently owned by corporate insiders.

Pampa Energia Profile

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.