Mirae Asset Global Investments Co. Ltd. Buys New Shares in Pampa Energía S.A. (NYSE:PAM)

Mirae Asset Global Investments Co. Ltd. bought a new position in Pampa Energía S.A. (NYSE:PAM) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 552 shares of the utilities provider’s stock, valued at approximately $49,000.

Other institutional investors have also added to or reduced their stakes in the company. Yorktown Management & Research Co Inc increased its stake in shares of Pampa Energía by 79.2% in the fourth quarter. Yorktown Management & Research Co Inc now owns 12,900 shares of the utilities provider’s stock worth $1,134,000 after buying an additional 5,700 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of Pampa Energía by 2.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 12,811 shares of the utilities provider’s stock valued at $1,127,000 after acquiring an additional 344 shares during the period. ABS Direct Equity Fund LLC boosted its holdings in shares of Pampa Energía by 186.7% during the fourth quarter. ABS Direct Equity Fund LLC now owns 17,200 shares of the utilities provider’s stock worth $1,513,000 after purchasing an additional 11,200 shares during the period. Verde Servicos Internacionais S.A. bought a new stake in shares of Pampa Energía in the fourth quarter worth about $308,000. Finally, Blue Trust Inc. increased its holdings in Pampa Energía by 62.7% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 259 shares during the period. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PAM. JPMorgan Chase & Co. raised their target price on shares of Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Citigroup lowered Pampa Energía from a “buy” rating to a “neutral” rating and increased their target price for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. Finally, StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. 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, Pampa Energía has an average rating of “Hold” and a consensus target price of $71.63.

Pampa Energía Stock Performance

PAM opened at $80.84 on Friday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 12.44 and a beta of 0.92. The company has a fifty day moving average of $87.51 and a 200 day moving average of $71.74. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. Pampa Energía S.A. has a fifty-two week low of $38.15 and a fifty-two week high of $97.55.

Pampa Energía Company 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.