MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Position in Pampa Energía S.A. (NYSE:PAM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Pampa Energía S.A. (NYSE:PAM) by 58.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 508,375 shares of the utilities provider’s stock after purchasing an additional 188,114 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.93% of Pampa Energía worth $44,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAM. JPMorgan Chase & Co. increased its holdings in Pampa Energía by 167.1% in the fourth quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider’s stock valued at $37,212,000 after buying an additional 264,706 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Pampa Energía in the fourth quarter valued at $8,556,000. Candriam S.C.A. purchased a new position in Pampa Energía in the fourth quarter valued at $8,038,000. Alberta Investment Management Corp purchased a new position in Pampa Energía in the fourth quarter valued at $7,047,000. Finally, Seldon Capital LP purchased a new position in Pampa Energía in the fourth quarter valued at $6,164,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Pampa Energía from a “buy” rating to a “hold” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Pampa Energía has a consensus rating of “Hold” and a consensus target price of $71.63.

Pampa Energía Stock Up 3.2%

PAM stock opened at $83.82 on Wednesday. The stock has a market capitalization of $4.57 billion, a P/E ratio of 12.90 and a beta of 1.16. The firm has a 50-day simple moving average of $75.45 and a 200-day simple moving average of $80.22. 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 S.A. has a 52 week low of $38.58 and a 52 week high of $97.55.

Pampa Energía (NYSE:PAM) last released its earnings results on Monday, May 12th. The utilities provider reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.89. The business had revenue of $414.00 million during the quarter, compared to analysts’ expectations of $487.63 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. Equities analysts forecast that Pampa Energía S.A. will post 9.33 earnings per share for the current fiscal 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.