Pampa Energia S.A. (PAM) Shares Bought by Legal & General Group Plc

Legal & General Group Plc lifted its stake in shares of Pampa Energia S.A. (NYSE:PAM) by 213.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,049 shares of the utilities provider’s stock after purchasing an additional 33,424 shares during the quarter. Legal & General Group Plc owned about 0.07% of Pampa Energia worth $1,560,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. TT International boosted its position in shares of Pampa Energia by 59.9% during the 4th quarter. TT International now owns 1,751,889 shares of the utilities provider’s stock worth $55,727,000 after purchasing an additional 656,336 shares in the last quarter. VR Advisory Services Ltd boosted its position in shares of Pampa Energia by 1.2% during the 4th quarter. VR Advisory Services Ltd now owns 1,288,683 shares of the utilities provider’s stock worth $40,993,000 after purchasing an additional 15,300 shares in the last quarter. Morgan Stanley lifted its position in Pampa Energia by 1,844.9% in the 3rd quarter. Morgan Stanley now owns 732,179 shares of the utilities provider’s stock valued at $22,734,000 after acquiring an additional 694,533 shares in the last quarter. RWC Asset Management LLP lifted its position in Pampa Energia by 43.9% in the 4th quarter. RWC Asset Management LLP now owns 320,653 shares of the utilities provider’s stock valued at $10,200,000 after acquiring an additional 97,849 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in Pampa Energia by 36.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 288,300 shares of the utilities provider’s stock valued at $9,171,000 after acquiring an additional 77,500 shares in the last quarter. 35.32% of the stock is currently owned by institutional investors.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Pampa Energia from a “strong sell” rating to a “hold” rating and set a $28.00 price target on the stock in a research report on Tuesday, April 16th. ValuEngine cut shares of Pampa Energia from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Pampa Energia presently has a consensus rating of “Buy” and an average target price of $43.75.

Shares of NYSE PAM opened at $23.56 on Friday. Pampa Energia S.A. has a fifty-two week low of $22.72 and a fifty-two week high of $59.18. The stock has a market capitalization of $1.80 billion, a P/E ratio of -15.40 and a beta of 0.74. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 1.02.

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Pampa Energia Company Profile

Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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Institutional Ownership by Quarter for Pampa Energia (NYSE:PAM)

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