Russell Investments Group Ltd. cut its stake in shares of Pampa Energia S.A. (NYSE:PAM) by 37.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,553 shares of the utilities provider’s stock after selling 171,240 shares during the period. Russell Investments Group Ltd.’s holdings in Pampa Energia were worth $16,863,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its position in Pampa Energia by 32.1% in the second quarter. Creative Planning now owns 1,850 shares of the utilities provider’s stock valued at $109,000 after buying an additional 450 shares in the last quarter. KCG Holdings Inc. raised its position in Pampa Energia by 6.6% in the first quarter. KCG Holdings Inc. now owns 14,044 shares of the utilities provider’s stock valued at $761,000 after buying an additional 868 shares in the last quarter. Investec Asset Management LTD raised its position in Pampa Energia by 14.9% in the first quarter. Investec Asset Management LTD now owns 10,149 shares of the utilities provider’s stock valued at $550,000 after buying an additional 1,315 shares in the last quarter. Deltec Asset Management LLC raised its position in Pampa Energia by 5.0% in the second quarter. Deltec Asset Management LLC now owns 73,350 shares of the utilities provider’s stock valued at $4,317,000 after buying an additional 3,500 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in Pampa Energia during the first quarter valued at about $235,000. 51.08% of the stock is owned by institutional investors.

Pampa Energia S.A. (NYSE PAM) traded down 3.354% during trading on Wednesday, reaching $52.585. The company had a trading volume of 62,752 shares. The firm’s market capitalization is $3.86 billion. Pampa Energia S.A. has a 12-month low of $24.12 and a 12-month high of $65.51. The firm’s 50 day moving average price is $57.09 and its 200 day moving average price is $54.22.

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PAM has been the topic of several research analyst reports. Zacks Investment Research downgraded Pampa Energia from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. BidaskClub downgraded Pampa Energia from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. TheStreet downgraded Pampa Energia from a “c” rating to a “d” rating in a research note on Wednesday, May 24th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $75.00 price objective (up previously from $65.00) on shares of Pampa Energia in a research note on Saturday, June 3rd.

About Pampa Energia

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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Institutional Ownership by Quarter for Pampa Energia (NYSE:PAM)

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