Eurizon Capital SGR S.p.A. Takes $686,000 Position in Pampa Energia S.A. $PAM

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Pampa Energia S.A. (NYSE:PAM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,745 shares of the utilities provider’s stock, valued at approximately $686,000.

A number of other institutional investors and hedge funds have also modified their holdings of PAM. Pictet Asset Management Holding SA boosted its stake in Pampa Energia by 1.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock valued at $1,463,000 after buying an additional 316 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Pampa Energia in the 2nd quarter valued at $37,000. BNP Paribas Financial Markets boosted its stake in Pampa Energia by 10.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,672 shares of the utilities provider’s stock valued at $821,000 after buying an additional 1,290 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in Pampa Energia by 23.3% in the 2nd quarter. Diversify Advisory Services LLC now owns 7,172 shares of the utilities provider’s stock valued at $546,000 after buying an additional 1,353 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new stake in Pampa Energia in the 3rd quarter valued at $139,000. 12.77% of the stock is currently owned by institutional investors.

Pampa Energia Price Performance

Pampa Energia stock opened at $84.11 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04. The firm has a market cap of $4.58 billion, a P/E ratio of 10.49, a P/E/G ratio of 3.41 and a beta of 0.95. The business’s fifty day moving average is $83.58 and its two-hundred day moving average is $84.48. Pampa Energia S.A. has a 52 week low of $54.95 and a 52 week high of $94.50.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. The company had revenue of $573.00 million for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. Equities research analysts forecast that Pampa Energia S.A. will post 8.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and boosted their price target for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. JPMorgan Chase & Co. boosted their price target on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research note on Monday. Finally, Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $103.83.

Insiders Place Their Bets

In other Pampa Energia news, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $3.48, for a total value of $6,264,000.00. Following the transaction, the director owned 24,971,973 shares of the company’s stock, valued at approximately $86,902,466.04. The trade was a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Damian Miguel Mindlin sold 500,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $3.57, for a total value of $1,785,000.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 9,311,977 shares of company stock worth $32,265,316. Insiders own 55.52% of the company’s stock.

Pampa Energia Company 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.