Russell Investments Group Ltd. Sells 28,842 Shares of Pampa Energia S.A. (NYSE:PAM)

Russell Investments Group Ltd. trimmed its position in Pampa Energia S.A. (NYSE:PAM) by 10.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 256,966 shares of the utilities provider’s stock after selling 28,842 shares during the quarter. Russell Investments Group Ltd. owned 0.35% of Pampa Energia worth $8,923,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PAM. Fiera Capital Corp raised its holdings in shares of Pampa Energia by 155.5% in the first quarter. Fiera Capital Corp now owns 372,405 shares of the utilities provider’s stock valued at $10,267,000 after acquiring an additional 226,663 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Pampa Energia during the second quarter worth $6,977,000. Swiss National Bank bought a new stake in Pampa Energia during the 2nd quarter valued at $4,563,000. Banco Santander S.A. boosted its position in Pampa Energia by 726.1% during the 2nd quarter. Banco Santander S.A. now owns 124,498 shares of the utilities provider’s stock valued at $4,316,000 after acquiring an additional 109,427 shares in the last quarter. Finally, Oaktree Capital Management LP increased its holdings in shares of Pampa Energia by 30.4% in the 1st quarter. Oaktree Capital Management LP now owns 441,500 shares of the utilities provider’s stock valued at $12,172,000 after acquiring an additional 103,000 shares during the period. Institutional investors and hedge funds own 42.85% of the company’s stock.

Several research firms have recently commented on PAM. Morgan Stanley lowered Pampa Energia from an “overweight” rating to an “equal weight” rating in a research report on Monday, August 12th. TheStreet upgraded Pampa Energia from a “d+” rating to a “c” rating in a research note on Wednesday, June 26th. Zacks Investment Research upgraded Pampa Energia from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 14th. ValuEngine downgraded shares of Pampa Energia from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, Citigroup lowered shares of Pampa Energia from a “buy” rating to a “neutral” rating in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $36.00.



Shares of PAM traded up $0.34 during mid-day trading on Tuesday, hitting $15.23. 1,216 shares of the company traded hands, compared to its average volume of 1,827,907. The company has a market capitalization of $1.05 billion, a PE ratio of -9.97, a price-to-earnings-growth ratio of 0.16 and a beta of 0.92. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average of $22.65 and a 200 day moving average of $26.96. Pampa Energia S.A. has a 1-year low of $12.01 and a 1-year high of $39.89.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Monday, August 12th. The utilities provider reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $1.25. The business had revenue of $808.00 million during the quarter. Pampa Energia had a net margin of 16.83% and a return on equity of 16.83%. As a group, research analysts expect that Pampa Energia S.A. will post 4.43 EPS for the current fiscal year.

Pampa Energia Company Profile

Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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Institutional Ownership by Quarter for Pampa Energia (NYSE:PAM)

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