Consilium Investment Management LLC trimmed its holdings in shares of Pampa Energia S.A. (NYSE:PAM) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 443,853 shares of the utilities provider’s stock after selling 4,220 shares during the period. Pampa Energia makes up 22.6% of Consilium Investment Management LLC’s investment portfolio, making the stock its 3rd largest holding. Consilium Investment Management LLC’s holdings in Pampa Energia were worth $12,237,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of PAM. FMR LLC boosted its holdings in shares of Pampa Energia by 8.9% during the 3rd quarter. FMR LLC now owns 57,343 shares of the utilities provider’s stock worth $1,781,000 after buying an additional 4,686 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Pampa Energia by 47.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 276,470 shares of the utilities provider’s stock worth $8,584,000 after purchasing an additional 88,770 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Pampa Energia in the 3rd quarter worth $2,607,000. Standard Life Aberdeen plc bought a new position in shares of Pampa Energia in the 3rd quarter worth $3,242,000. Finally, Legal & General Group Plc bought a new position in shares of Pampa Energia in the 3rd quarter worth $485,000. Hedge funds and other institutional investors own 35.32% of the company’s stock.
A number of brokerages recently issued reports on PAM. Zacks Investment Research cut Pampa Energia from a “hold” rating to a “strong sell” rating in a report on Thursday, February 14th. ValuEngine cut Pampa Energia from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Pampa Energia has an average rating of “Buy” and an average target price of $43.75.
Shares of Pampa Energia stock opened at $24.33 on Thursday. Pampa Energia S.A. has a 1 year low of $23.60 and a 1 year high of $59.72. The firm has a market cap of $1.80 billion, a PE ratio of -15.90 and a beta of 0.74. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 1.02.
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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, and hydroelectric power generation systems, as well as through a wind farm.
Further Reading: Call Option Volume
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