Brevan Howard Capital Management LP Acquires 62,750 Shares of Pampa Energia S.A. $PAM

Brevan Howard Capital Management LP lifted its holdings in Pampa Energia S.A. (NYSE:PAM) by 161.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,553 shares of the utilities provider’s stock after purchasing an additional 62,750 shares during the quarter. Brevan Howard Capital Management LP owned 0.19% of Pampa Energia worth $6,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Pampa Energia in the 2nd quarter worth about $37,000. Van ECK Associates Corp purchased a new position in Pampa Energia in the 3rd quarter worth about $139,000. Quantbot Technologies LP bought a new position in Pampa Energia during the 3rd quarter valued at about $187,000. Deltec Asset Management LLC lifted its stake in Pampa Energia by 66.7% during the 3rd quarter. Deltec Asset Management LLC now owns 5,000 shares of the utilities provider’s stock valued at $300,000 after acquiring an additional 2,000 shares during the period. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Pampa Energia by 6.8% during the 2nd quarter. Personal CFO Solutions LLC now owns 4,335 shares of the utilities provider’s stock valued at $301,000 after acquiring an additional 276 shares during the last quarter. 12.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on PAM. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and lifted their price target for the stock from $88.00 to $97.00 in a research note on Thursday. Wall Street Zen upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday. Zacks Research lowered shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 31st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Pampa Energia in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Pampa Energia has a consensus rating of “Hold” and a consensus target price of $105.00.

Pampa Energia Stock Performance

Shares of NYSE PAM opened at $80.96 on Monday. The firm has a 50 day moving average of $82.29 and a 200 day moving average of $78.40. The company has a current ratio of 3.11, a quick ratio of 2.75 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 3.47 and a beta of 1.16. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Monday, March 2nd. The utilities provider reported $3.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $2.35. The business had revenue of $96.00 million for the quarter, compared to the consensus estimate of $737.30 billion. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. On average, research analysts anticipate that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

About Pampa Energia

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.