Beverly Hills Private Wealth LLC Has $259,000 Stake in Pampa Energia S.A. $PAM

Beverly Hills Private Wealth LLC decreased its position in Pampa Energia S.A. (NYSE:PAM) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,731 shares of the utilities provider’s stock after selling 276 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Pampa Energia were worth $259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Pampa Energia by 9.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 557,474 shares of the utilities provider’s stock valued at $43,037,000 after purchasing an additional 49,099 shares during the last quarter. Helikon Investments Ltd grew its position in shares of Pampa Energia by 11.2% in the first quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider’s stock valued at $38,027,000 after purchasing an additional 49,709 shares during the last quarter. Itau Unibanco Holding S.A. grew its position in shares of Pampa Energia by 1,122.0% in the first quarter. Itau Unibanco Holding S.A. now owns 213,674 shares of the utilities provider’s stock valued at $16,067,000 after purchasing an additional 196,188 shares during the last quarter. Millennium Management LLC grew its position in shares of Pampa Energia by 85.4% in the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after purchasing an additional 74,841 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of Pampa Energia by 6.5% in the second quarter. William Blair Investment Management LLC now owns 89,640 shares of the utilities provider’s stock valued at $6,219,000 after purchasing an additional 5,450 shares during the last quarter. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

PAM has been the topic of several research reports. Zacks Research downgraded Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Wall Street Zen upgraded Pampa Energia from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $92.75.

Pampa Energia Price Performance

NYSE PAM opened at $59.26 on Wednesday. The business has a fifty day moving average price of $64.49 and a two-hundred day moving average price of $70.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.33 and a current ratio of 2.70. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $97.55.

Pampa Energia (NYSE:PAM) last released its earnings results on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $2.35 by ($1.65). Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%.The business had revenue of $486.00 million for the quarter, compared to the consensus estimate of $632.05 million. As a group, research analysts anticipate that Pampa Energia S.A. will post 9.33 EPS for the current year.

Pampa Energia 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.