Wealth High Governance Capital Ltda Reduces Holdings in Pampa Energia S.A. $PAM

Wealth High Governance Capital Ltda lowered its stake in shares of Pampa Energia S.A. (NYSE:PAM) by 17.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 29,043 shares of the utilities provider’s stock after selling 6,033 shares during the quarter. Wealth High Governance Capital Ltda’s holdings in Pampa Energia were worth $2,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PAM. PointState Capital LP purchased a new position in shares of Pampa Energia in the 4th quarter valued at approximately $24,006,000. Fundamenta Capital S.A. purchased a new stake in Pampa Energia during the 4th quarter worth approximately $23,496,000. Absolute Gestao de Investimentos Ltda. grew its position in Pampa Energia by 198.1% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock worth $25,433,000 after purchasing an additional 190,963 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Pampa Energia during the 1st quarter valued at approximately $14,482,000. Finally, Seldon Capital LP acquired a new position in Pampa Energia during the 4th quarter valued at approximately $12,582,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energia Stock Up 0.3%

PAM stock opened at $88.57 on Monday. The company has a market capitalization of $4.76 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50. The firm’s fifty day simple moving average is $84.09 and its 200-day simple moving average is $83.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78.

Pampa Energia (NYSE:PAM) last issued its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The firm had revenue of $573.00 million during the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. As a group, equities research analysts forecast that Pampa Energia S.A. will post 10.65 earnings per share for the current year.

Analyst Ratings Changes

PAM has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $103.83.

Insider Buying and Selling at Pampa Energia

In other news, insider Damian Miguel Mindlin sold 555,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total value of $1,970,250.00. Following the completion of the transaction, the insider owned 12,541,870 shares of the company’s stock, valued at $44,523,638.50. The trade was a 4.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marcos Marcelo Mindlin sold 1,500,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $3.54, for a total value of $5,310,000.00. Following the completion of the transaction, the director directly owned 20,055,667 shares of the company’s stock, valued at approximately $70,997,061.18. This trade represents a 6.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have acquired 1,710,694 shares of company stock valued at $7,701,005 and have sold 7,157,000 shares valued at $24,696,070. 55.52% of the stock is owned by corporate insiders.

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.