Pampa Energía S.A. (NYSE:PAM) Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates reduced its holdings in Pampa Energía S.A. (NYSE:PAM) by 22.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,189 shares of the utilities provider’s stock after selling 15,897 shares during the quarter. Pampa Energía accounts for 1.1% of Dorsey Wright & Associates’ portfolio, making the stock its 29th largest position. Dorsey Wright & Associates’ holdings in Pampa Energía were worth $4,765,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new position in shares of Pampa Energía during the fourth quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pampa Energía during the 4th quarter worth about $49,000. Blue Trust Inc. lifted its stake in shares of Pampa Energía by 62.7% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 259 shares during the period. Virtu Financial LLC bought a new position in shares of Pampa Energía in the fourth quarter valued at approximately $209,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Pampa Energía during the fourth quarter valued at approximately $210,000. Institutional investors own 12.77% of the company’s stock.

Pampa Energía Stock Performance

Shares of PAM opened at $79.41 on Friday. 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 firm’s 50 day moving average is $81.15 and its 200-day moving average is $77.78. Pampa Energía S.A. has a 12-month low of $38.58 and a 12-month high of $97.55. The stock has a market capitalization of $4.33 billion, a P/E ratio of 12.22 and a beta of 0.92.

Pampa Energía (NYSE:PAM) last released its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. The business had revenue of $435.00 million during the quarter, compared to analyst estimates of $454.61 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. Equities research analysts anticipate that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their target price on Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $71.63.

Pampa Energía Company Profile

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.