Oaktree Capital Management LP Sells 72,681 Shares of Pampa Energía S.A. (NYSE:PAM)

Oaktree Capital Management LP reduced its position in Pampa Energía S.A. (NYSE:PAM - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,086 shares of the utilities provider's stock after selling 72,681 shares during the period. Oaktree Capital Management LP owned approximately 0.24% of Pampa Energía worth $11,528,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PAM. TT International Asset Management LTD raised its holdings in Pampa Energía by 250.9% during the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider's stock worth $106,108,000 after buying an additional 862,723 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Pampa Energía by 167.1% in the 4th quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider's stock worth $37,212,000 after acquiring an additional 264,706 shares during the last quarter. William Blair Investment Management LLC lifted its position in Pampa Energía by 27.6% in the 4th quarter. William Blair Investment Management LLC now owns 200,078 shares of the utilities provider's stock valued at $17,595,000 after acquiring an additional 43,257 shares in the last quarter. Candriam S.C.A. acquired a new position in Pampa Energía during the 4th quarter valued at about $8,038,000. Finally, Alberta Investment Management Corp bought a new stake in Pampa Energía during the 4th quarter worth approximately $7,047,000. Institutional investors and hedge funds own 12.77% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price objective 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, Pampa Energía has a consensus rating of "Hold" and a consensus target price of $71.63.

Pampa Energía Stock Performance

NYSE:PAM traded down $2.88 during trading hours on Thursday, reaching $75.34. The stock had a trading volume of 77,083 shares, compared to its average volume of 242,680. The stock has a market cap of $4.11 billion, a P/E ratio of 11.59 and a beta of 0.92. The stock has a 50 day simple moving average of $80.58 and a 200 day simple moving average of $78.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. Pampa Energía S.A. has a 12-month low of $38.58 and a 12-month high of $97.55.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share (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 forecast that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

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.