Assenagon Asset Management S.A. Acquires Shares of 55,324 Pampa Energia S.A. $PAM

Assenagon Asset Management S.A. bought a new position in shares of Pampa Energia S.A. (NYSE:PAM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 55,324 shares of the utilities provider’s stock, valued at approximately $4,896,000.

Several other large investors have also modified their holdings of PAM. Fundamenta Capital S.A. acquired a new position in shares of Pampa Energia in the 4th quarter valued at about $23,496,000. BW Gestao de Investimentos Ltda. acquired a new stake in Pampa Energia in the fourth quarter worth $3,105,000. Insigneo Advisory Services LLC lifted its stake in Pampa Energia by 70.8% in the third quarter. Insigneo Advisory Services LLC now owns 17,401 shares of the utilities provider’s stock valued at $1,045,000 after buying an additional 7,215 shares during the last quarter. Brevan Howard Capital Management LP lifted its stake in Pampa Energia by 161.7% in the third quarter. Brevan Howard Capital Management LP now owns 101,553 shares of the utilities provider’s stock valued at $6,099,000 after buying an additional 62,750 shares during the last quarter. Finally, Wealth High Governance Capital Ltda acquired a new position in shares of Pampa Energia during the fourth quarter valued at $4,861,000. Institutional investors own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PAM shares. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and boosted their target price for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Zacks Research cut Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. lifted their target price on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research note on Monday, June 1st. Two 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.com, the company currently has an average rating of “Hold” and an average target price of $103.83.

Pampa Energia Stock Up 1.5%

NYSE PAM opened at $82.01 on Tuesday. The company has a market capitalization of $4.41 billion, a P/E ratio of 10.23, a PEG ratio of 2.85 and a beta of 0.96. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50. The company’s 50 day simple moving average is $82.79 and its 200 day simple moving average is $83.85. 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 announced its 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 company had revenue of $573.00 million for the quarter. Equities research analysts expect that Pampa Energia S.A. will post 9.69 earnings per share for the current fiscal year.

Insider Buying and Selling

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 shares were sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the sale, the director directly owned 24,971,973 shares of the company’s stock, valued at $86,902,466.04. The trade was a 6.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Damian Miguel Mindlin sold 555,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $3.55, for a total value of $1,970,250.00. Following the completion of the sale, the insider owned 12,541,870 shares of the company’s stock, valued at $44,523,638.50. The trade was a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 1,710,694 shares of company stock valued at $7,701,005 and sold 8,637,500 shares valued at $29,945,775. Company insiders own 55.52% of the company’s stock.

About Pampa Energia

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.