Eqis Capital Management Inc. cut its stake in shares of Pampa Energia S.A. (NYSE:PAM) by 26.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,082 shares of the utilities provider’s stock after selling 1,454 shares during the period. Eqis Capital Management Inc.’s holdings in Pampa Energia were worth $240,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Creative Planning boosted its position in Pampa Energia by 32.1% in the second quarter. Creative Planning now owns 1,850 shares of the utilities provider’s stock valued at $109,000 after buying an additional 450 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Pampa Energia during the first quarter valued at $235,000. Boston Partners bought a new position in Pampa Energia during the first quarter valued at $260,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Pampa Energia during the first quarter valued at $271,000. Finally, Atria Investments LLC bought a new position in Pampa Energia during the second quarter valued at $317,000. 51.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Pampa Energia S.A. (NYSE PAM) traded down 2.83% on Wednesday, hitting $52.87. 200,887 shares of the stock traded hands. Pampa Energia S.A. has a 52 week low of $24.12 and a 52 week high of $65.51. The stock’s market cap is $3.88 billion. The stock has a 50 day moving average price of $57.09 and a 200-day moving average price of $54.22.
PAM has been the topic of several research analyst reports. BidaskClub cut shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Bank of America Corporation reissued a “buy” rating and issued a $75.00 price target (up from $65.00) on shares of Pampa Energia in a report on Saturday, June 3rd. TheStreet cut shares of Pampa Energia from a “c” rating to a “d” rating in a report on Wednesday, May 24th. Finally, Zacks Investment Research cut shares of Pampa Energia from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th.
Pampa Energia Company Profile
Pampa Energia SA is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena SA, Central Termica Guemes SA, Central Termica Loma de la Lata SA and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector.
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