Barings LLC maintained its position in shares of Pampa Energia S.A. (NYSE:PAM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,242 shares of the utilities provider’s stock at the close of the 2nd quarter. Barings LLC’s holdings in Pampa Energia were worth $1,098,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital World Investors boosted its position in shares of Pampa Energia by 372.8% in the second quarter. Capital World Investors now owns 4,426,113 shares of the utilities provider’s stock worth $260,477,000 after acquiring an additional 3,489,983 shares during the last quarter. Morgan Stanley boosted its position in shares of Pampa Energia by 29.4% in the first quarter. Morgan Stanley now owns 1,524,137 shares of the utilities provider’s stock worth $82,639,000 after acquiring an additional 345,985 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Pampa Energia by 6.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,431,579 shares of the utilities provider’s stock worth $77,620,000 after acquiring an additional 80,760 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Pampa Energia by 10,294.6% in the first quarter. Bank of America Corp DE now owns 1,202,028 shares of the utilities provider’s stock worth $65,175,000 after acquiring an additional 1,190,464 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Pampa Energia by 7.7% in the first quarter. Wellington Management Group LLP now owns 768,727 shares of the utilities provider’s stock worth $41,681,000 after acquiring an additional 54,835 shares during the last quarter. 44.37% of the stock is currently owned by institutional investors and hedge funds.
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Pampa Energia S.A. (PAM) opened at 67.46 on Thursday. The firm has a market capitalization of $4.96 billion, a PE ratio of 46.52 and a beta of 1.26. The firm’s 50-day moving average is $62.83 and its 200-day moving average is $59.28. Pampa Energia S.A. has a 12 month low of $30.60 and a 12 month high of $68.57.
Several equities research analysts recently issued reports on PAM shares. BidaskClub cut shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. ValuEngine cut shares of Pampa Energia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Morgan Stanley started coverage on shares of Pampa Energia in a research report on Tuesday, September 19th. They issued an “equal weight” rating and a $69.00 target price on the stock. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $72.00.
Pampa Energia Company Profile
Pampa Energia SA is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena SA, Central Termica Guemes SA, Central Termica Loma de la Lata SA and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector.
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