Whittier Trust Co. Acquires 7,924 Shares of Pampa Energía S.A. (NYSE:PAM)

Whittier Trust Co. raised its holdings in Pampa Energía S.A. (NYSE:PAM) by 52.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,986 shares of the utilities provider’s stock after buying an additional 7,924 shares during the quarter. Whittier Trust Co.’s holdings in Pampa Energía were worth $2,021,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Advisors Preferred LLC purchased a new position in shares of Pampa Energía in the 4th quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Pampa Energía in the 4th quarter valued at approximately $49,000. Blue Trust Inc. lifted its stake in shares of Pampa Energía by 62.7% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 259 shares during the period. QRG Capital Management Inc. purchased a new position in shares of Pampa Energía in the 4th quarter valued at approximately $210,000. Finally, GAMMA Investing LLC lifted its stake in shares of Pampa Energía by 75.9% in the 4th quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 1,063 shares during the period. 12.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their target price 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Pampa Energía has an average rating of “Hold” and a consensus price target of $71.63.

Pampa Energía Stock Up 4.0 %

Shares of NYSE:PAM opened at $82.71 on Friday. The stock has a fifty day simple moving average of $81.99 and a two-hundred day simple moving average of $76.76. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 12.72 and a beta of 0.92. Pampa Energía S.A. has a 12-month low of $38.58 and a 12-month high of $97.55. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter. The business had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $454.61 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. On average, research analysts anticipate that Pampa Energía S.A. will post 9.33 earnings per share for the current fiscal year.

Pampa Energía 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.