Banco BTG Pactual S.A. Trims Stake in Pampa Energía S.A. (NYSE:PAM)

Banco BTG Pactual S.A. trimmed its position in Pampa Energía S.A. (NYSE:PAM) by 93.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,100 shares of the utilities provider’s stock after selling 70,310 shares during the quarter. Banco BTG Pactual S.A.’s holdings in Pampa Energía were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAM. Advisors Preferred LLC bought a new stake in shares of Pampa Energía in the fourth quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Pampa Energía during the 4th quarter worth about $49,000. Blue Trust Inc. increased its position in Pampa Energía by 62.7% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 259 shares during the period. Virtu Financial LLC bought a new stake in shares of Pampa Energía in the 4th quarter valued at about $209,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Pampa Energía in the 4th quarter valued at about $210,000. Institutional investors own 12.77% of the company’s stock.

Pampa Energía Stock Performance

Shares of Pampa Energía stock opened at $84.19 on Wednesday. The company has a market capitalization of $4.59 billion, a PE ratio of 12.95 and a beta of 0.92. The company has a 50-day simple moving average of $81.67 and a two-hundred day simple moving average of $77.43. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, March 5th. The utilities provider reported $1.90 EPS for the quarter. The company had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $454.61 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. Research analysts expect that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price objective on shares of Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $71.63.

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.