Pampa Energía S.A. (NYSE:PAM) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC lowered its position in Pampa Energía S.A. (NYSE:PAM) by 15.5% in the fourth quarter, HoldingsChannel reports. The fund owned 18,097 shares of the utilities provider’s stock after selling 3,330 shares during the quarter. Driehaus Capital Management LLC’s holdings in Pampa Energía were worth $1,591,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PAM. Advisors Preferred LLC acquired a new stake in Pampa Energía in the fourth quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Pampa Energía in the 4th quarter valued at $49,000. Blue Trust Inc. increased its holdings in Pampa Energía by 62.7% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 259 shares in the last quarter. Compass Group LLC acquired a new position in Pampa Energía during the fourth quarter worth $152,000. Finally, Virtu Financial LLC purchased a new position in Pampa Energía during the fourth quarter valued at $209,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price target 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $71.63.

Pampa Energía Trading Up 4.3 %

Shares of PAM opened at $75.44 on Friday. The firm’s fifty day moving average is $75.26 and its two-hundred day moving average is $79.93. The stock has a market cap of $4.11 billion, a PE ratio of 11.61 and a beta of 1.16. 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 S.A. has a 52-week low of $38.58 and a 52-week high of $97.55.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $454.61 million. Research analysts forecast that Pampa Energía S.A. will post 9.33 earnings per share 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.