VR Advisory Services Ltd decreased its holdings in shares of Pampa Energia S.A. (NYSE:PAM) by 20.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 716,127 shares of the utilities provider’s stock after selling 186,561 shares during the period. Pampa Energia makes up 25.3% of VR Advisory Services Ltd’s portfolio, making the stock its biggest holding. VR Advisory Services Ltd owned 0.97% of Pampa Energia worth $48,181,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of Pampa Energia by 11.6% in the third quarter. Advisor Group Inc. now owns 7,315 shares of the utilities provider’s stock worth $476,000 after buying an additional 760 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Pampa Energia by 31.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,250 shares of the utilities provider’s stock worth $472,000 after purchasing an additional 1,750 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Pampa Energia in the third quarter worth approximately $4,811,000. Ameriprise Financial Inc. purchased a new stake in shares of Pampa Energia in the third quarter worth approximately $5,843,000. Finally, Findlay Park Partners LLP lifted its position in shares of Pampa Energia by 34.2% in the third quarter. Findlay Park Partners LLP now owns 274,691 shares of the utilities provider’s stock worth $17,882,000 after purchasing an additional 70,000 shares in the last quarter. Institutional investors own 44.19% of the company’s stock.
Shares of Pampa Energia stock traded down $0.43 during trading on Friday, reaching $59.60. The company’s stock had a trading volume of 84,237 shares, compared to its average volume of 220,399. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 1.85. Pampa Energia S.A. has a one year low of $50.88 and a one year high of $72.98. The stock has a market capitalization of $4,409.80, a price-to-earnings ratio of 16.79, a P/E/G ratio of 0.37 and a beta of 1.13.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Pampa Energia from a “buy” rating to a “hold” rating in a research report on Thursday, March 15th. Morgan Stanley upgraded shares of Pampa Energia from an “equal weight” rating to an “overweight” rating and set a $69.00 price objective on the stock in a research note on Tuesday, March 13th. Finally, Santander upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $71.00.
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Pampa Energia Profile
Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, combined gas and fuel oil turbines, and hydroelectric power generation systems, as well as through a wind farm.
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