Diversify Wealth Management LLC Boosts Holdings in Pampa Energía S.A. (NYSE:PAM)

Diversify Wealth Management LLC raised its position in Pampa Energía S.A. (NYSE:PAM) by 19.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,081 shares of the utilities provider’s stock after acquiring an additional 2,971 shares during the quarter. Diversify Wealth Management LLC’s holdings in Pampa Energía were worth $1,716,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Pampa Energía by 89.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock worth $102,000 after buying an additional 1,059 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Pampa Energía in the second quarter worth about $950,000. Millennium Management LLC grew its stake in shares of Pampa Energía by 428.0% during the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after acquiring an additional 509,487 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in shares of Pampa Energía by 1.7% during the second quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider’s stock valued at $1,032,000 after acquiring an additional 398 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in shares of Pampa Energía in the 2nd quarter valued at approximately $854,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energía Stock Performance

NYSE PAM opened at $86.15 on Tuesday. Pampa Energía S.A. has a fifty-two week low of $38.15 and a fifty-two week high of $97.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The firm has a market capitalization of $4.70 billion, a P/E ratio of 13.25 and a beta of 0.94. The stock has a 50-day simple moving average of $86.79 and a two-hundred day simple moving average of $67.02.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The business had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $517.71 million. During the same quarter last year, the company earned $2.80 EPS. On average, equities analysts forecast that Pampa Energía S.A. will post 8.65 earnings per share for the current year.

Analysts Set New Price Targets

PAM has been the subject of a number of research analyst reports. Citigroup cut shares of Pampa Energía from a “buy” rating to a “neutral” rating and raised their price target for the stock from $58.00 to $75.00 in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Finally, StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.63.

About Pampa Energía

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.