Guardian Partners Inc. Makes New Investment in Pampa Energia S.A. $PAM

Guardian Partners Inc. bought a new position in shares of Pampa Energia S.A. (NYSE:PAM) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,000 shares of the utilities provider’s stock, valued at approximately $620,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Pampa Energia by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock worth $41,845,000 after buying an additional 45,653 shares in the last quarter. Absolute Gestao de Investimentos Ltda. increased its stake in Pampa Energia by 198.1% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock worth $25,433,000 after acquiring an additional 190,963 shares during the period. JPMorgan Chase & Co. raised its holdings in Pampa Energia by 20.5% in the 4th quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider’s stock valued at $24,319,000 after acquiring an additional 46,719 shares in the last quarter. PointState Capital LP bought a new stake in shares of Pampa Energia during the 4th quarter valued at $24,006,000. Finally, Fundamenta Capital S.A. bought a new stake in shares of Pampa Energia during the 4th quarter valued at $23,496,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. JPMorgan Chase & Co. upped their price objective on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Wall Street Zen downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Zacks Research raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Pampa Energia presently has an average rating of “Moderate Buy” and an average price target of $103.83.

Insider Activity at Pampa Energia

In other Pampa Energia news, VP Gustavo Mariani acquired 25,000 shares of Pampa Energia stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost of $81.40 per share, with a total value of $2,035,000.00. Following the completion of the purchase, the vice president directly owned 1,566,184 shares of the company’s stock, valued at $127,487,377.60. This represents a 1.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Damian Miguel Mindlin sold 555,000 shares of Pampa Energia stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $3.55, for a total value of $1,970,250.00. Following the completion of the transaction, the insider owned 12,541,870 shares in the company, valued at approximately $44,523,638.50. This represents a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have acquired 1,710,694 shares of company stock valued at $7,701,005 and have sold 7,157,000 shares valued at $24,696,070. 55.52% of the stock is currently owned by insiders.

Pampa Energia Stock Down 0.6%

NYSE PAM opened at $85.20 on Wednesday. The business has a fifty day moving average price of $83.68 and a two-hundred day moving average price of $83.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $94.50. The stock has a market capitalization of $4.58 billion, a PE ratio of 10.62, a PEG ratio of 2.90 and a beta of 0.97.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The company had revenue of $573.00 million for the quarter. Equities analysts expect that Pampa Energia S.A. will post 10.13 earnings per share for the current fiscal year.

Pampa Energia Company 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.