17,728 Shares in Pampa Energia S.A. $PAM Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in Pampa Energia S.A. (NYSE:PAM) in the first quarter, HoldingsChannel.com reports. The firm purchased 17,728 shares of the utilities provider’s stock, valued at approximately $1,569,000.

Other large investors also recently bought and sold shares of the company. Pictet Asset Management Holding SA raised its stake in shares of Pampa Energia by 1.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock valued at $1,463,000 after purchasing an additional 316 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Pampa Energia during the second quarter worth $37,000. NFJ Investment Group LLC purchased a new position in shares of Pampa Energia in the fourth quarter valued at $104,000. BNP Paribas Financial Markets boosted its stake in shares of Pampa Energia by 10.4% in the third quarter. BNP Paribas Financial Markets now owns 13,672 shares of the utilities provider’s stock valued at $821,000 after purchasing an additional 1,290 shares during the period. Finally, Diversify Advisory Services LLC grew its holdings in Pampa Energia by 23.3% during the 2nd quarter. Diversify Advisory Services LLC now owns 7,172 shares of the utilities provider’s stock valued at $546,000 after purchasing an additional 1,353 shares in the last quarter. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energia Price Performance

Shares of NYSE PAM opened at $81.39 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 2.86 and a beta of 0.97. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. The business has a 50 day simple moving average of $82.73 and a 200-day simple moving average of $83.43.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The firm had revenue of $573.00 million for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. As a group, equities research analysts expect that Pampa Energia S.A. will post 9.89 earnings per share for the current year.

Insiders Place Their Bets

In other Pampa Energia news, Director Marcos Marcelo Mindlin sold 1,500,000 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $3.54, for a total transaction of $5,310,000.00. Following the sale, the director directly owned 20,055,667 shares of the company’s stock, valued at approximately $70,997,061.18. This represents a 6.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gustavo Mariani purchased 25,000 shares of Pampa Energia stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $81.40 per share, for a total transaction of $2,035,000.00. Following the completion of the transaction, the vice president owned 1,566,184 shares in the company, valued at approximately $127,487,377.60. The trade was a 1.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 1,710,694 shares of company stock valued at $7,701,005 and have sold 11,582,000 shares valued at $40,178,070. 55.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PAM has been the topic of several analyst reports. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and lifted their price target for the stock from $88.00 to $97.00 in a research note on Thursday, March 12th. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Wall Street Zen lowered Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. boosted their price target on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Finally, Zacks Research raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pampa Energia has a consensus rating of “Moderate Buy” and a consensus target price of $103.83.

About Pampa Energia

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.