Raymond James Financial Services Advisors Inc. Buys 963 Shares of Pampa Energía S.A. (NYSE:PAM)

Raymond James Financial Services Advisors Inc. grew its stake in shares of Pampa Energía S.A. (NYSE:PAM) by 16.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,695 shares of the utilities provider’s stock after acquiring an additional 963 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Pampa Energía were worth $332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in Pampa Energía by 31.6% in the first quarter. Envestnet Asset Management Inc. now owns 14,137 shares of the utilities provider’s stock valued at $334,000 after purchasing an additional 3,393 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in Pampa Energía in the 1st quarter worth about $88,000. Renaissance Technologies LLC raised its stake in Pampa Energía by 143.5% in the 1st quarter. Renaissance Technologies LLC now owns 76,860 shares of the utilities provider’s stock valued at $1,816,000 after acquiring an additional 45,300 shares during the period. UBS Group AG lifted its holdings in Pampa Energía by 726.1% during the first quarter. UBS Group AG now owns 4,560 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 4,008 shares during the last quarter. Finally, Eaton Vance Management boosted its position in Pampa Energía by 420,600.0% during the first quarter. Eaton Vance Management now owns 210,350 shares of the utilities provider’s stock worth $4,971,000 after purchasing an additional 210,300 shares during the period. 12.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PAM shares. Citigroup lowered their price target on shares of Pampa Energía from $55.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. StockNews.com cut shares of Pampa Energía from a “buy” rating to a “hold” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pampa Energía presently has an average rating of “Hold” and a consensus target price of $41.33.

Pampa Energía Trading Up 2.8 %

Shares of PAM opened at $43.08 on Monday. The business’s 50-day moving average price is $42.66 and its 200-day moving average price is $43.80. The company has a quick ratio of 2.16, a current ratio of 2.56 and a debt-to-equity ratio of 0.51. Pampa Energía S.A. has a twelve month low of $32.10 and a twelve month high of $52.17. The stock has a market cap of $2.35 billion, a PE ratio of 7.88, a P/E/G ratio of 0.42 and a beta of 0.95.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.44) by ($1.46). Pampa Energía had a return on equity of 10.84% and a net margin of 17.45%. The firm had revenue of $362.00 million for the quarter, compared to the consensus estimate of $395.56 million. On average, equities analysts forecast that Pampa Energía S.A. will post 7.02 EPS for the current fiscal year.

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.