Whittier Trust Co. Boosts Stake in Pampa Energía S.A. (NYSE:PAM)

Whittier Trust Co. lifted its holdings in Pampa Energía S.A. (NYSE:PAM) by 52.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,986 shares of the utilities provider’s stock after purchasing an additional 7,924 shares during the quarter. Whittier Trust Co.’s holdings in Pampa Energía were worth $2,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of PAM. Advisors Preferred LLC purchased a new position in shares of Pampa Energía in the fourth quarter worth $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Pampa Energía in the fourth quarter worth $49,000. Blue Trust Inc. raised its stake in shares of Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 259 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Pampa Energía in the fourth quarter worth $210,000. Finally, GAMMA Investing LLC raised its stake in shares of Pampa Energía by 75.9% in the fourth quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 1,063 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energía Stock Performance

Shares of PAM opened at $82.71 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55. The firm has a market capitalization of $4.51 billion, a P/E ratio of 12.72 and a beta of 0.92. The business has a fifty day moving average of $81.99 and a 200 day moving average of $76.76.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 EPS for the quarter. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The company had revenue of $435.00 million during the quarter, compared to analyst estimates of $454.61 million. As a group, sell-side analysts anticipate that Pampa Energía S.A. will post 9.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price objective on Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Pampa Energía has a consensus rating of “Hold” and an average price target of $71.63.

Pampa Energía Profile

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.