Ping Capital Management Inc. Has $695,000 Stock Position in Pampa Energía S.A. (NYSE:PAM)

Ping Capital Management Inc. lessened its stake in Pampa Energía S.A. (NYSE:PAM) by 47.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,900 shares of the utilities provider’s stock after selling 7,100 shares during the period. Ping Capital Management Inc.’s holdings in Pampa Energía were worth $695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 253 shares during the period. GAMMA Investing LLC boosted its position in shares of Pampa Energía by 32.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 345 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Pampa Energía by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after buying an additional 526 shares during the period. Wrapmanager Inc. bought a new position in Pampa Energía during the 3rd quarter worth approximately $221,000. Finally, PFG Investments LLC bought a new stake in Pampa Energía in the fourth quarter valued at approximately $226,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energía Stock Performance

Shares of NYSE:PAM opened at $86.26 on Wednesday. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The firm has a market cap of $4.70 billion, a PE ratio of 13.27 and a beta of 0.92. The company’s 50 day moving average price is $88.34 and its two-hundred day moving average price is $70.15. Pampa Energía S.A. has a 12-month low of $38.15 and a 12-month high of $97.55.

Pampa Energía (NYSE:PAM) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, beating the consensus estimate of $1.75 by $0.95. The company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. During the same period in the previous year, the company earned $2.80 EPS. Equities research analysts predict that Pampa Energía S.A. will post 8.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PAM has been the subject of a number of research reports. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research report on Friday, January 10th. Finally, Citigroup cut shares of Pampa Energía from a “buy” rating to a “neutral” rating and raised their target price for the company from $58.00 to $75.00 in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Pampa Energía has an average rating of “Hold” and a consensus 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.