Pampa Energia S.A. $PAM Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its position in Pampa Energia S.A. (NYSE:PAM) by 62.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 6,202 shares of the utilities provider’s stock after selling 10,329 shares during the period. Pictet Asset Management Holding SA’s holdings in Pampa Energia were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Pampa Energia during the second quarter valued at approximately $37,000. NFJ Investment Group LLC bought a new position in Pampa Energia in the 4th quarter worth approximately $104,000. Van ECK Associates Corp acquired a new stake in Pampa Energia in the 3rd quarter valued at approximately $139,000. Quantbot Technologies LP acquired a new stake in Pampa Energia in the 3rd quarter valued at approximately $187,000. Finally, Arete Wealth Advisors LLC bought a new stake in Pampa Energia during the 4th quarter valued at $212,000. Institutional investors own 12.77% of the company’s stock.

Insider Activity at Pampa Energia

In related news, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the completion of the sale, the director directly owned 24,971,973 shares of the company’s stock, valued at $86,902,466.04. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Damian Miguel Mindlin sold 555,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the sale, the insider owned 12,541,870 shares of the company’s stock, valued at $44,523,638.50. The trade was a 4.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders bought 1,710,694 shares of company stock worth $7,701,005 and sold 11,582,000 shares worth $40,178,070. Insiders own 55.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PAM. Wall Street Zen lowered Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. upped their price objective on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a report on Monday, June 1st. Finally, HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and increased their target price for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Pampa Energia presently has an average rating of “Moderate Buy” and a consensus target price of $103.83.

Pampa Energia Price Performance

NYSE:PAM opened at $81.39 on Friday. The business’s 50-day moving average price is $82.73 and its 200 day moving average price is $83.43. The firm has a market cap of $4.37 billion, a P/E ratio of 10.15, a PEG ratio of 2.86 and a beta of 0.97. Pampa Energia S.A. has a 52-week low of $54.95 and a 52-week high of $94.50. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The firm had revenue of $573.00 million for the quarter. As a group, sell-side analysts predict that Pampa Energia S.A. will post 9.89 earnings per share for the current fiscal year.

Pampa Energia Company Profile

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.