Absolute Gestao de Investimentos Ltda. Invests $246,000 in Pampa Energía S.A. (NYSE:PAM)

Absolute Gestao de Investimentos Ltda. bought a new stake in Pampa Energía S.A. (NYSE:PAM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 2,800 shares of the utilities provider’s stock, valued at approximately $246,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in Pampa Energía during the fourth quarter worth $1,535,000. Jane Street Group LLC grew its holdings in shares of Pampa Energía by 212.0% in the 4th quarter. Jane Street Group LLC now owns 13,602 shares of the utilities provider’s stock worth $1,196,000 after purchasing an additional 25,746 shares during the last quarter. Northern Trust Corp bought a new stake in shares of Pampa Energía in the 4th quarter worth about $551,000. Aquatic Capital Management LLC acquired a new stake in shares of Pampa Energía during the 4th quarter worth about $1,124,000. Finally, Compass Group LLC acquired a new position in Pampa Energía in the fourth quarter valued at about $152,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energía Stock Performance

Pampa Energía stock opened at $79.78 on Friday. The stock has a 50-day simple moving average of $82.23 and a 200 day simple moving average of $76.56. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 12.27 and a beta of 0.92. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. Pampa Energía S.A. has a 12-month low of $38.58 and a 12-month high of $97.55.

Pampa Energía (NYSE:PAM) last announced its earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $435.00 million during the quarter, compared to the consensus estimate of $454.61 million. On average, research analysts anticipate that Pampa Energía S.A. will post 9.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price objective on shares of 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.