Helikon Investments Ltd Has $79.22 Million Position in Pampa Energía S.A. (NYSE:PAM)

Helikon Investments Ltd boosted its holdings in Pampa Energía S.A. (NYSE:PAM) by 146.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,319,415 shares of the utilities provider’s stock after acquiring an additional 784,407 shares during the quarter. Pampa Energía accounts for 7.1% of Helikon Investments Ltd’s portfolio, making the stock its 5th largest position. Helikon Investments Ltd’s holdings in Pampa Energía were worth $79,218,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in shares of Pampa Energía by 158.1% in the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 253 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Pampa Energía during the 2nd quarter valued at $37,000. EverSource Wealth Advisors LLC bought a new position in Pampa Energía during the 1st quarter valued at $52,000. Headlands Technologies LLC acquired a new position in shares of Pampa Energía during the 1st quarter valued at $69,000. Finally, GAMMA Investing LLC raised its stake in shares of Pampa Energía by 32.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after buying an additional 345 shares in the last quarter. Institutional investors own 12.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PAM. Citigroup raised Pampa Energía from a “neutral” rating to a “buy” rating and raised their target price for the company from $51.00 to $58.00 in a research note on Wednesday, July 3rd. Bank of America raised their price objective on shares of Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. StockNews.com downgraded shares of Pampa Energía from a “buy” rating to a “hold” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised their target price on shares of Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Pampa Energía presently has an average rating of “Hold” and an average target price of $58.75.

Pampa Energía Trading Down 0.2 %

NYSE PAM traded down $0.13 on Thursday, hitting $66.61. 69,454 shares of the company were exchanged, compared to its average volume of 258,426. Pampa Energía S.A. has a twelve month low of $32.91 and a twelve month high of $69.59. The company’s 50 day moving average price is $60.45 and its 200-day moving average price is $51.23. The firm has a market capitalization of $3.63 billion, a P/E ratio of 10.06 and a beta of 0.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.33 and a quick ratio of 2.01.

Pampa Energía (NYSE:PAM) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. The business had revenue of $500.00 million for the quarter, compared to analyst estimates of $479.17 million. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. Analysts predict that Pampa Energía S.A. will post 8.91 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.