Pampa Energía S.A. (NYSE:PAM) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in shares of Pampa Energía S.A. (NYSE:PAM) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,386 shares of the utilities provider’s stock after selling 341 shares during the period. Atria Investments Inc’s holdings in Pampa Energía were worth $684,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Blue Trust Inc. lifted its position in Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 253 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Pampa Energía in the second quarter valued at about $37,000. EverSource Wealth Advisors LLC acquired a new stake in Pampa Energía in the first quarter valued at about $52,000. GAMMA Investing LLC increased its holdings in Pampa Energía by 32.7% in the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after buying an additional 345 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings 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 buying an additional 1,166 shares in the last quarter. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Ratings Changes

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

Pampa Energía Trading Down 0.8 %

Shares of PAM opened at $79.41 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The firm has a 50 day simple moving average of $65.37 and a 200-day simple moving average of $53.98. Pampa Energía S.A. has a 1-year low of $38.15 and a 1-year high of $82.32. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 12.22 and a beta of 0.88.

Pampa Energía (NYSE:PAM) last released its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping the consensus estimate of $1.75 by $0.95. The firm had revenue of $540.00 million during the quarter, compared to analysts’ expectations 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 company earned $2.80 EPS. Equities analysts forecast that Pampa Energía S.A. will post 8.65 EPS 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.