Whittier Trust Co. of Nevada Inc. Buys 3,414 Shares of Pampa Energía S.A. (NYSE:PAM)

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Pampa Energía S.A. (NYSE:PAM) by 136.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,915 shares of the utilities provider’s stock after acquiring an additional 3,414 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Pampa Energía were worth $520,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. TT International Asset Management LTD increased its position in shares of Pampa Energía by 250.9% during the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider’s stock worth $106,108,000 after acquiring an additional 862,723 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Pampa Energía by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider’s stock worth $9,513,000 after purchasing an additional 45,409 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in Pampa Energía by 12.1% during the third quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider’s stock worth $4,208,000 after purchasing an additional 7,553 shares during the last quarter. ABS Direct Equity Fund LLC boosted its holdings in Pampa Energía by 186.7% during the fourth quarter. ABS Direct Equity Fund LLC now owns 17,200 shares of the utilities provider’s stock worth $1,513,000 after purchasing an additional 11,200 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. acquired a new position in Pampa Energía during the fourth quarter worth $308,000. Institutional investors own 12.77% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their target price 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $71.63.

Pampa Energía Stock Performance

Shares of PAM stock opened at $82.71 on Friday. The stock has a market cap of $4.51 billion, a P/E ratio of 12.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The company has a fifty day moving average price of $81.99 and a two-hundred day moving average price of $76.91. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $1.90 EPS for the quarter. The firm had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $454.61 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. As a group, equities analysts predict that Pampa Energía S.A. will post 9.33 EPS for the current year.

About Pampa Energía

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.