Pampa Energía S.A. (NYSE:PAM) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC lowered its stake in shares of Pampa Energía S.A. (NYSE:PAM) by 1.6% in the third quarter, HoldingsChannel reports. The firm owned 13,471 shares of the utilities provider’s stock after selling 219 shares during the quarter. Townsquare Capital LLC’s holdings in Pampa Energía were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wrapmanager Inc. acquired a new position in shares of Pampa Energía during the third quarter valued at $221,000. Fourth Sail Capital LP acquired a new position in Pampa Energía during the 3rd quarter valued at about $8,552,000. Helikon Investments Ltd grew its position in Pampa Energía by 146.6% in the 3rd quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock worth $79,218,000 after purchasing an additional 784,407 shares during the last quarter. Diversify Wealth Management LLC increased its stake in shares of Pampa Energía by 3.9% in the third quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider’s stock valued at $1,006,000 after purchasing an additional 573 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Pampa Energía by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after buying an additional 526 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Pampa Energía Trading Up 1.6 %

Shares of Pampa Energía stock opened at $86.93 on Tuesday. The business has a fifty day simple moving average of $69.75 and a 200-day simple moving average of $56.24. Pampa Energía S.A. has a fifty-two week low of $38.15 and a fifty-two week high of $89.69. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 13.37 and a beta of 0.88. 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 issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.95. The company had revenue of $540.00 million during the quarter, compared to the consensus estimate of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. During the same period in the prior year, the company earned $2.80 EPS. On average, equities analysts forecast that Pampa Energía S.A. will post 8.65 EPS 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.