AdvisorShares Investments LLC Sells 2,490 Shares of Pampa Energía S.A. (NYSE:PAM)

AdvisorShares Investments LLC cut its position in shares of Pampa Energía S.A. (NYSE:PAM) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,506 shares of the utilities provider’s stock after selling 2,490 shares during the period. AdvisorShares Investments LLC’s holdings in Pampa Energía were worth $1,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PAM. TT International Asset Management LTD boosted its stake in Pampa Energía by 250.9% during the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider’s stock worth $106,108,000 after buying an additional 862,723 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Pampa Energía by 167.1% during the 4th quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider’s stock valued at $37,212,000 after acquiring an additional 264,706 shares in the last quarter. Candriam S.C.A. bought a new stake in Pampa Energía in the fourth quarter valued at about $8,038,000. Alberta Investment Management Corp acquired a new position in Pampa Energía in the fourth quarter worth about $7,047,000. Finally, Seldon Capital LP acquired a new position in Pampa Energía in the fourth quarter worth about $6,164,000. 12.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price objective on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. Three 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, Pampa Energía presently has an average rating of “Hold” and an average target price of $71.63.

Pampa Energía Trading Down 3.0 %

Shares of PAM stock opened at $74.11 on Tuesday. The company has a market capitalization of $4.04 billion, a P/E ratio of 11.40 and a beta of 0.94. Pampa Energía S.A. has a 12-month low of $38.58 and a 12-month high of $97.55. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $76.28 and a 200 day moving average price of $79.79.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. The company had revenue of $435.00 million during the quarter, compared to analyst estimates of $454.61 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. Research analysts forecast that Pampa Energía S.A. will post 9.33 earnings per share 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.