Whittier Trust Co. Acquires 1,312 Shares of Pampa Energía S.A. (NYSE:PAM)

Whittier Trust Co. increased its holdings in shares of Pampa Energía S.A. (NYSE:PAM) by 10.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,900 shares of the utilities provider’s stock after purchasing an additional 1,312 shares during the period. Whittier Trust Co.’s holdings in Pampa Energía were worth $615,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PAM. GAMMA Investing LLC bought a new position in Pampa Energía in the fourth quarter valued at approximately $41,000. SPX Gestao de Recursos Ltda bought a new stake in Pampa Energía in the 4th quarter valued at $44,000. EverSource Wealth Advisors LLC bought a new stake in Pampa Energía in the 1st quarter valued at $52,000. Headlands Technologies LLC acquired a new position in Pampa Energía in the 1st quarter worth $69,000. Finally, SG Americas Securities LLC bought a new position in Pampa Energía during the 1st quarter worth about $108,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PAM shares. JPMorgan Chase & Co. upped their price objective on Pampa Energía from $46.50 to $47.50 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. HSBC upgraded shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price objective on the stock in a report on Tuesday, May 21st. Citigroup upgraded shares of Pampa Energía from a “neutral” rating to a “buy” rating and increased their target price for the stock from $51.00 to $58.00 in a report on Wednesday, July 3rd. Finally, StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.50.

Pampa Energía Stock Performance

Shares of Pampa Energía stock traded up $1.93 during trading on Thursday, hitting $53.90. 67,519 shares of the stock were exchanged, compared to its average volume of 267,135. The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $46.99 and a 200-day moving average price of $45.32. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 6.65 and a beta of 0.99. Pampa Energía S.A. has a 1-year low of $32.91 and a 1-year high of $54.17.

About Pampa Energía

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.