JPMorgan Chase & Co. Has $9.51 Million Position in Pampa Energía S.A. (NYSE:PAM)

JPMorgan Chase & Co. lifted its position in shares of Pampa Energía S.A. (NYSE:PAM) by 40.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,448 shares of the utilities provider’s stock after purchasing an additional 45,409 shares during the period. JPMorgan Chase & Co. owned 0.29% of Pampa Energía worth $9,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PAM. Blue Trust Inc. increased its stake in shares of Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 253 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Pampa Energía during the 2nd quarter worth $37,000. GAMMA Investing LLC lifted its holdings in shares of Pampa Energía by 32.7% during the third 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. EverSource Wealth Advisors LLC increased its position in Pampa Energía by 89.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 1,059 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Pampa Energía by 26.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock worth $150,000 after purchasing an additional 526 shares in the last quarter. 12.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PAM has been the subject of several recent analyst reports. 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 shares of Pampa Energía from a “buy” rating to a “neutral” rating and upped their price target for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $71.63.

Pampa Energía Stock Down 6.0 %

PAM stock opened at $89.21 on Tuesday. The stock’s 50 day moving average is $84.33 and its 200-day moving average is $65.10. Pampa Energía S.A. has a twelve month low of $38.15 and a twelve month high of $97.55. The firm has a market capitalization of $4.87 billion, a PE ratio of 13.72 and a beta of 0.94. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $517.71 million. During the same period last year, the company posted $2.80 earnings per share. Sell-side analysts expect that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.

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.