Eurizon Capital SGR S.p.A. Invests $686,000 in Pampa Energia S.A. $PAM

Eurizon Capital SGR S.p.A. bought a new position in shares of Pampa Energia S.A. (NYSE:PAM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,745 shares of the utilities provider’s stock, valued at approximately $686,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA raised its position in shares of Pampa Energia by 1.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock worth $1,463,000 after acquiring an additional 316 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Pampa Energia during the second quarter worth $37,000. BNP Paribas Financial Markets raised its position in shares of Pampa Energia by 10.4% during the third quarter. BNP Paribas Financial Markets now owns 13,672 shares of the utilities provider’s stock worth $821,000 after acquiring an additional 1,290 shares during the last quarter. Diversify Advisory Services LLC raised its position in shares of Pampa Energia by 23.3% during the second quarter. Diversify Advisory Services LLC now owns 7,172 shares of the utilities provider’s stock worth $546,000 after acquiring an additional 1,353 shares during the last quarter. Finally, Van ECK Associates Corp bought a new stake in shares of Pampa Energia during the third quarter worth $139,000. Institutional investors own 12.77% of the company’s stock.

Insider Activity at Pampa Energia

In related news, VP Damian Miguel Mindlin sold 57,500 shares of the company’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $3.47, for a total value of $199,525.00. Following the completion of the sale, the vice president owned 13,910,870 shares in the company, valued at approximately $48,270,718.90. This represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Gustavo Mariani acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average price of $81.40 per share, with a total value of $2,035,000.00. Following the acquisition, the vice president directly owned 1,566,184 shares of the company’s stock, valued at $127,487,377.60. The trade was a 1.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 9,311,977 shares of company stock worth $32,265,316. 55.52% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on PAM. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. JPMorgan Chase & Co. boosted their target price on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research report on Monday. Finally, Wall Street Zen upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $103.83.

Pampa Energia Trading Down 1.9%

NYSE PAM opened at $84.11 on Thursday. The stock has a 50-day simple moving average of $83.58 and a 200 day simple moving average of $84.48. The company has a market capitalization of $4.58 billion, a PE ratio of 10.49, a P/E/G ratio of 3.41 and a beta of 0.95. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. The business had revenue of $573.00 million during the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. Research analysts forecast that Pampa Energia S.A. will post 8.62 EPS for the current year.

About Pampa Energia

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.