Pampa Energía S.A. (NYSE:PAM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in Pampa Energía S.A. (NYSE:PAM) by 10.1% in the third quarter, HoldingsChannel reports. The fund owned 11,627 shares of the utilities provider’s stock after selling 1,300 shares during the quarter. Stifel Financial Corp’s holdings in Pampa Energía were worth $698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PAM. Helikon Investments Ltd grew its holdings in Pampa Energía by 146.6% during the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock worth $79,218,000 after acquiring an additional 784,407 shares during the period. Millennium Management LLC boosted its position in shares of Pampa Energía by 428.0% during the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock valued at $27,818,000 after purchasing an additional 509,487 shares in the last quarter. Fourth Sail Capital LP bought a new position in shares of Pampa Energía during the 3rd quarter valued at about $8,552,000. Glenorchy Capital Ltd grew its stake in shares of Pampa Energía by 35.5% in the 3rd quarter. Glenorchy Capital Ltd now owns 75,223 shares of the utilities provider’s stock worth $4,516,000 after purchasing an additional 19,717 shares during the last quarter. Finally, Ping Capital Management Inc. bought a new stake in shares of Pampa Energía in the 2nd quarter worth approximately $2,470,000. 12.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Bank of America raised their price objective on Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. boosted their target price on Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Citigroup lowered Pampa Energía from a “buy” rating to a “neutral” rating and increased their price target for the company from $58.00 to $75.00 in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $63.00.

Pampa Energía Price Performance

Shares of NYSE:PAM opened at $88.21 on Thursday. The company’s fifty day moving average is $78.09 and its two-hundred day moving average is $60.90. The company has a market cap of $4.81 billion, a P/E ratio of 13.57 and a beta of 0.96. Pampa Energía S.A. has a 12-month low of $38.15 and a 12-month high of $93.11. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. The firm had revenue of $540.00 million during the quarter, compared to analyst estimates of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same period last year, the company posted $2.80 EPS. Equities analysts expect that Pampa Energía S.A. will post 8.65 earnings per share for the current fiscal year.

About Pampa Energía

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.