Pampa Energia S.A. $PAM Stock Position Reduced by Ping Capital Management Inc.

Ping Capital Management Inc. trimmed its position in Pampa Energia S.A. (NYSE:PAM) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,100 shares of the utilities provider’s stock after selling 28,900 shares during the quarter. Pampa Energia comprises 5.4% of Ping Capital Management Inc.’s investment portfolio, making the stock its 4th biggest position. Ping Capital Management Inc.’s holdings in Pampa Energia were worth $18,861,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Pampa Energia during the 2nd quarter worth approximately $37,000. Van ECK Associates Corp acquired a new position in Pampa Energia in the third quarter valued at approximately $139,000. Quantbot Technologies LP purchased a new position in Pampa Energia in the third quarter worth approximately $187,000. PFG Investments LLC purchased a new position in Pampa Energia in the fourth quarter worth approximately $283,000. Finally, Deltec Asset Management LLC increased its stake in Pampa Energia by 66.7% during the third quarter. Deltec Asset Management LLC now owns 5,000 shares of the utilities provider’s stock worth $300,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energia Trading Down 4.1%

NYSE PAM opened at $79.45 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.75 and a current ratio of 3.11. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 3.30 and a beta of 0.97. The firm has a 50 day simple moving average of $83.14 and a 200-day simple moving average of $83.43.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Sunday, February 15th. The utilities provider reported $2.50 earnings per share for the quarter. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%.The business had revenue of $507.00 million for the quarter. Equities research analysts anticipate that Pampa Energia S.A. will post 8.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PAM has been the topic of a number of research analyst reports. Wall Street Zen upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a report on Thursday, January 22nd. Finally, Zacks Research raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $105.00.

Insider Activity at Pampa Energia

In other news, Director Marcos Marcelo Mindlin sold 1,675,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $3.54, for a total transaction of $5,929,500.00. Following the completion of the transaction, the director directly owned 15,221,973 shares of the company’s stock, valued at approximately $53,885,784.42. This represents a 9.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Damian Miguel Mindlin sold 500,000 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $3.57, for a total value of $1,785,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,711,977 shares of company stock valued at $19,971,316 in the last quarter. 55.52% of the stock is currently owned by company insiders.

Pampa Energia Profile

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.