Advisor Group Inc. lifted its position in Pampa Energia S.A. (NYSE:PAM) by 162.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,555 shares of the utilities provider’s stock after acquiring an additional 4,060 shares during the period. Advisor Group Inc.’s holdings in Pampa Energia were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FIL Ltd increased its position in shares of Pampa Energia by 7.0% in the 2nd quarter. FIL Ltd now owns 236,848 shares of the utilities provider’s stock valued at $13,938,000 after acquiring an additional 15,593 shares during the period. FMR LLC acquired a new position in shares of Pampa Energia in the 2nd quarter valued at $677,000. Investec Asset Management LTD increased its position in shares of Pampa Energia by 111.9% in the 2nd quarter. Investec Asset Management LTD now owns 21,508 shares of the utilities provider’s stock valued at $1,266,000 after acquiring an additional 11,359 shares during the period. Dorsey Wright & Associates increased its position in shares of Pampa Energia by 51.8% in the 2nd quarter. Dorsey Wright & Associates now owns 109,514 shares of the utilities provider’s stock valued at $2,822,000 after acquiring an additional 37,358 shares during the period. Finally, Fiera Capital Corp acquired a new position in shares of Pampa Energia in the 2nd quarter valued at $14,702,000. 44.37% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities analysts recently issued reports on PAM shares. BidaskClub downgraded Pampa Energia from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Morgan Stanley started coverage on Pampa Energia in a research report on Tuesday, September 19th. They issued an “equal weight” rating and a $69.00 target price on the stock. Finally, ValuEngine downgraded Pampa Energia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $72.00.
Shares of Pampa Energia S.A. (NYSE:PAM) opened at 67.16 on Wednesday. The firm has a market capitalization of $4.93 billion, a P/E ratio of 46.32 and a beta of 1.26. Pampa Energia S.A. has a 12 month low of $30.60 and a 12 month high of $68.00. The firm’s 50-day moving average price is $62.58 and its 200 day moving average price is $59.22.
About Pampa Energia
Pampa Energia SA is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena SA, Central Termica Guemes SA, Central Termica Loma de la Lata SA and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector.
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