Seldon Capital LP Purchases Shares of 70,098 Pampa Energía S.A. (NYSE:PAM)

Seldon Capital LP acquired a new position in shares of Pampa Energía S.A. (NYSE:PAM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 70,098 shares of the utilities provider’s stock, valued at approximately $6,164,000. Pampa Energía comprises about 2.5% of Seldon Capital LP’s investment portfolio, making the stock its 12th biggest position. Seldon Capital LP owned about 0.13% of Pampa Energía as of its most recent SEC filing.

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

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their target price on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $71.63.

Pampa Energía Stock Performance

Shares of PAM stock opened at $78.56 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The company’s fifty day moving average price is $76.83 and its two-hundred day moving average price is $79.13. The firm has a market capitalization of $4.28 billion, a P/E ratio of 12.09 and a beta of 0.94. Pampa Energía S.A. has a 12 month low of $38.58 and a 12 month high of $97.55.

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

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.