Hsbc Holdings PLC Buys 20,438 Shares of Pampa Energia S.A. $PAM

Hsbc Holdings PLC increased its stake in shares of Pampa Energia S.A. (NYSE:PAM) by 77.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 46,788 shares of the utilities provider’s stock after acquiring an additional 20,438 shares during the period. Hsbc Holdings PLC’s holdings in Pampa Energia were worth $4,058,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. PointState Capital LP acquired a new stake in Pampa Energia in the 4th quarter worth approximately $24,006,000. Fundamenta Capital S.A. bought a new stake in Pampa Energia during the fourth quarter worth approximately $23,496,000. Seldon Capital LP acquired a new position in Pampa Energia during the fourth quarter valued at approximately $12,582,000. Invesco Ltd. acquired a new position in Pampa Energia during the fourth quarter valued at approximately $9,736,000. Finally, Millennium Management LLC raised its position in shares of Pampa Energia by 85.4% in the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after purchasing an additional 74,841 shares during the period. 12.77% of the stock is owned by institutional investors.

Pampa Energia Trading Up 0.7%

Shares of PAM stock opened at $80.50 on Friday. Pampa Energia S.A. has a 52-week low of $54.95 and a 52-week high of $94.50. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 2.85 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04. The firm has a fifty day moving average of $82.80 and a 200-day moving average of $83.95.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The company had revenue of $573.00 million during the quarter. On average, equities research analysts forecast that Pampa Energia S.A. will post 9.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PAM has been the subject of a number of analyst reports. Wall Street Zen cut shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their target price for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. JPMorgan Chase & Co. lifted their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a report on Monday, June 1st. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $103.83.

Insider Activity

In other Pampa Energia news, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the completion of the transaction, the director owned 24,971,973 shares in the company, valued at $86,902,466.04. This trade represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Damian Miguel Mindlin sold 555,000 shares of Pampa Energia stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $3.55, for a total value of $1,970,250.00. Following the sale, the insider directly owned 12,541,870 shares in the company, valued at $44,523,638.50. The trade was a 4.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders purchased 1,422,778 shares of company stock valued at $6,730,728 and sold 9,137,500 shares valued at $31,730,775. Corporate insiders own 55.52% of the company’s stock.

Pampa Energia Company Profile

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.