Oaktree Capital Management LP Has $11.53 Million Stake in Pampa Energía S.A. (NYSE:PAM)

Oaktree Capital Management LP reduced its holdings in Pampa Energía S.A. (NYSE:PAM) by 35.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 131,086 shares of the utilities provider’s stock after selling 72,681 shares during the period. Oaktree Capital Management LP’s holdings in Pampa Energía were worth $11,528,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Pampa Energía by 167.1% in the fourth quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider’s stock valued at $37,212,000 after acquiring an additional 264,706 shares during the last quarter. LPL Financial LLC grew its stake in Pampa Energía by 8.2% in the fourth quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 293 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Pampa Energía during the 4th quarter worth approximately $209,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Pampa Energía by 136.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 5,915 shares of the utilities provider’s stock worth $520,000 after purchasing an additional 3,414 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of Pampa Energía by 52.6% during the 4th quarter. Whittier Trust Co. now owns 22,986 shares of the utilities provider’s stock worth $2,021,000 after purchasing an additional 7,924 shares in the last quarter. 12.77% of the stock is owned by institutional investors.

Pampa Energía Price Performance

Shares of NYSE PAM opened at $79.41 on Friday. 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 business’s 50 day moving average price is $81.15 and its two-hundred day moving average price is $77.78. The company has a market cap of $4.33 billion, a PE ratio of 12.22 and a beta of 0.92. Pampa Energía S.A. has a twelve month low of $38.58 and a twelve month high of $97.55.

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

Analyst Ratings Changes

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

Pampa Energía 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.