21,463 Shares in Pampa Energía S.A. (NYSE:PAM) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in Pampa Energía S.A. (NYSE:PAM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 21,463 shares of the utilities provider’s stock, valued at approximately $950,000.

A number of other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Pampa Energía by 89.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 1,059 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Pampa Energía during the 2nd quarter worth approximately $37,000. Ping Capital Management Inc. purchased a new position in shares of Pampa Energía during the 2nd quarter worth approximately $2,470,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Pampa Energía by 144.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock valued at $87,000 after buying an additional 1,166 shares during the period. Finally, Whittier Trust Co. boosted its stake in shares of Pampa Energía by 10.4% in the second quarter. Whittier Trust Co. now owns 13,900 shares of the utilities provider’s stock valued at $615,000 after buying an additional 1,312 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energía Price Performance

Shares of NYSE PAM opened at $59.92 on Thursday. The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $53.23 and its 200 day moving average price is $48.13. Pampa Energía S.A. has a 52 week low of $32.91 and a 52 week high of $62.66. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 7.67 and a beta of 0.89.

Pampa Energía (NYSE:PAM) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, beating the consensus estimate of $1.36 by $0.44. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. The business had revenue of $500.00 million for the quarter, compared to analyst estimates of $479.17 million. As a group, research analysts forecast that Pampa Energía S.A. will post 9.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on PAM. JPMorgan Chase & Co. raised their target price on Pampa Energía from $47.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. 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 note on Wednesday, September 11th. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. Finally, Citigroup upgraded shares of Pampa Energía from a “neutral” rating to a “buy” rating and lifted their price target for the company from $51.00 to $58.00 in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.75.

About Pampa Energía

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.