Discovery Capital Management LLC CT Buys 35,914 Shares of Pampa Energía S.A. (NYSE:PAM)

Discovery Capital Management LLC CT raised its stake in Pampa Energía S.A. (NYSE:PAM) by 30.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,207 shares of the utilities provider’s stock after purchasing an additional 35,914 shares during the period. Discovery Capital Management LLC CT’s holdings in Pampa Energía were worth $13,385,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Advisors Preferred LLC bought a new stake in shares of Pampa Energía in the fourth quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pampa Energía in the 4th quarter worth approximately $49,000. Blue Trust Inc. grew its holdings in shares of Pampa Energía by 62.7% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 259 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Pampa Energía during the fourth quarter valued at approximately $209,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Pampa Energía in the fourth quarter valued at $210,000. 12.77% of the stock is owned by institutional investors.

Pampa Energía Price Performance

Shares of PAM stock opened at $77.19 on Tuesday. The stock’s fifty day simple moving average is $80.98 and its 200 day simple moving average is $78.04. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 11.88 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The business had revenue of $435.00 million for the quarter, compared to analyst estimates of $454.61 million. On average, analysts expect that Pampa Energía S.A. will post 9.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target on shares of Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Pampa Energía has a consensus rating of “Hold” and an average 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.