SG Americas Securities LLC purchased a new position in Pampa Energia S.A. (NYSE:PAM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 73,900 shares of the utilities provider’s stock, valued at approximately $4,811,000. SG Americas Securities LLC owned 0.10% of Pampa Energia as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in PAM. Creative Planning increased its stake in shares of Pampa Energia by 32.1% in the second quarter. Creative Planning now owns 1,850 shares of the utilities provider’s stock worth $109,000 after acquiring an additional 450 shares during the period. Pacad Investment Ltd. acquired a new stake in Pampa Energia during the second quarter valued at $159,000. Stifel Financial Corp acquired a new stake in Pampa Energia during the second quarter valued at $220,000. World Asset Management Inc acquired a new stake in Pampa Energia during the second quarter valued at $235,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Pampa Energia during the first quarter valued at $235,000. 44.18% of the stock is owned by hedge funds and other institutional investors.
Shares of Pampa Energia S.A. (PAM) traded down $1.57 on Monday, hitting $62.20. 164,835 shares of the company’s stock were exchanged, compared to its average volume of 294,092. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $4,684.54, a PE ratio of 19.21 and a beta of 1.11. Pampa Energia S.A. has a 1-year low of $31.52 and a 1-year high of $71.39.
Several equities analysts have issued reports on PAM shares. ValuEngine raised shares of Pampa Energia from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Morgan Stanley began coverage on shares of Pampa Energia in a research note on Tuesday, September 19th. They issued an “equal weight” rating and a $69.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $72.00.
COPYRIGHT VIOLATION NOTICE: “SG Americas Securities LLC Purchases Shares of 73,900 Pampa Energia S.A. (NYSE:PAM)” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/12/04/sg-americas-securities-llc-purchases-shares-of-73900-pampa-energia-s-a-pam.html.
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.
Receive News & Ratings for Pampa Energia S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pampa Energia S.A. and related companies with MarketBeat.com's FREE daily email newsletter.