Truist Financial Corp Makes New Investment in Pampa Energía S.A. (NYSE:PAM)

Truist Financial Corp bought a new position in Pampa Energía S.A. (NYSE:PAM) during the second quarter, Holdings Channel.com reports. The institutional investor bought 19,294 shares of the utilities provider’s stock, valued at approximately $854,000.

Other institutional investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new position in Pampa Energía in the 2nd quarter worth approximately $37,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Pampa Energía during the 1st quarter worth approximately $52,000. Headlands Technologies LLC acquired a new stake in shares of Pampa Energía during the 1st quarter worth approximately $69,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Pampa Energía by 144.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock worth $87,000 after buying an additional 1,166 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Pampa Energía during the 1st quarter worth approximately $108,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PAM shares. Citigroup upgraded shares of Pampa Energía from a “neutral” rating to a “buy” rating and raised their price target for the stock from $51.00 to $58.00 in a report on Wednesday, July 3rd. JPMorgan Chase & Co. raised their price target on shares of Pampa Energía from $47.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Finally, Bank of America raised their price target on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.75.

Pampa Energía Stock Down 0.1 %

Pampa Energía stock opened at $64.88 on Tuesday. Pampa Energía S.A. has a fifty-two week low of $32.91 and a fifty-two week high of $66.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33. The firm has a 50 day moving average price of $56.47 and a 200 day moving average price of $49.38. The company has a market capitalization of $3.54 billion, a PE ratio of 8.31 and a beta of 0.89.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. The business had revenue of $500.00 million during the quarter, compared to the consensus estimate of $479.17 million. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. Research analysts expect that Pampa Energía S.A. will post 9.54 earnings per share for the current year.

Pampa Energía Profile

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.