Pampa Energía S.A. (NYSE:PAM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its holdings in shares of Pampa Energía S.A. (NYSE:PAM) by 10.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,627 shares of the utilities provider’s stock after selling 1,300 shares during the quarter. Stifel Financial Corp’s holdings in Pampa Energía were worth $698,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PAM. Whittier Trust Co. grew 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. Whittier Trust Co. of Nevada Inc. grew its position in Pampa Energía by 144.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock valued at $87,000 after acquiring an additional 1,166 shares in the last quarter. Ping Capital Management Inc. purchased a new stake in shares of Pampa Energía during the second quarter valued at approximately $2,470,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Pampa Energía during the second quarter worth $37,000. Finally, EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 1,059 shares during the period. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energía Stock Performance

PAM stock opened at $88.21 on Thursday. The firm has a market cap of $4.81 billion, a P/E ratio of 13.57 and a beta of 0.96. The stock’s 50 day simple moving average is $78.09 and its 200 day simple moving average is $60.90. 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 S.A. has a 12-month low of $38.15 and a 12-month high of $93.11.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, beating the consensus estimate of $1.75 by $0.95. The business had revenue of $540.00 million during the quarter, compared to analyst estimates of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. During the same period in the previous year, the business posted $2.80 EPS. As a group, equities research analysts predict that Pampa Energía S.A. will post 8.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PAM. StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Citigroup downgraded Pampa Energía from a “buy” rating to a “neutral” rating and increased their price target for the company from $58.00 to $75.00 in a report on Friday, November 1st. Bank of America raised their price objective on Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upped their target price on Pampa Energía from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Pampa Energía presently has a consensus rating of “Hold” and an average price target of $63.00.

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.