Connective Portfolio Management LLC Makes New $620,000 Investment in Pampa Energia S.A. $PAM

Connective Portfolio Management LLC purchased a new position in shares of Pampa Energia S.A. (NYSE:PAM) during the first quarter, HoldingsChannel reports. The institutional investor purchased 7,000 shares of the utilities provider’s stock, valued at approximately $620,000. Pampa Energia accounts for 1.7% of Connective Portfolio Management LLC’s investment portfolio, making the stock its 20th biggest position.

Several other hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Pampa Energia in the second quarter valued at $37,000. NFJ Investment Group LLC purchased a new position in Pampa Energia during the fourth quarter worth about $104,000. Van ECK Associates Corp purchased a new position in Pampa Energia during the third quarter worth about $139,000. Quantbot Technologies LP purchased a new position in Pampa Energia during the third quarter worth about $187,000. Finally, Arete Wealth Advisors LLC acquired a new stake in Pampa Energia in the 4th quarter worth about $212,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energia Trading Down 0.2%

Shares of PAM opened at $86.44 on Friday. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. The firm has a market capitalization of $4.70 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $83.18 and its 200 day simple moving average is $84.27.

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

Insider Transactions at Pampa Energia

In other news, insider Damian Miguel Mindlin sold 555,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the completion of the sale, the insider owned 12,541,870 shares in the company, valued at approximately $44,523,638.50. The trade was a 4.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gustavo Mariani bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost of $81.40 per share, with a total value of $2,035,000.00. Following the transaction, the vice president owned 1,566,184 shares in the company, valued at approximately $127,487,377.60. This represents a 1.62% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 9,137,500 shares of company stock worth $31,730,775 in the last three months. 55.52% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a report on Monday, June 1st. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their target price for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Wall Street Zen downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pampa Energia presently has an average rating of “Hold” and an average target price of $103.83.

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.