Seldon Capital LP Invests $6.16 Million in Pampa Energía S.A. (NYSE:PAM)

Seldon Capital LP purchased a new position in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 70,098 shares of the utilities provider's stock, valued at approximately $6,164,000. Pampa Energía comprises 2.5% of Seldon Capital LP's holdings, making the stock its 12th largest position. Seldon Capital LP owned 0.13% of Pampa Energía as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PAM. TT International Asset Management LTD boosted its stake in Pampa Energía by 250.9% in the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider's stock valued at $106,108,000 after acquiring an additional 862,723 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Pampa Energía by 40.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider's stock valued at $9,513,000 after purchasing an additional 45,409 shares during the period. ABS Direct Equity Fund LLC boosted its position in shares of Pampa Energía by 186.7% in the 4th quarter. ABS Direct Equity Fund LLC now owns 17,200 shares of the utilities provider's stock valued at $1,513,000 after purchasing an additional 11,200 shares during the period. Verde Servicos Internacionais S.A. acquired a new stake in shares of Pampa Energía in the fourth quarter valued at approximately $308,000. Finally, DGS Capital Management LLC acquired a new stake in shares of Pampa Energía in the fourth quarter valued at approximately $282,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energía Stock Performance

Shares of NYSE:PAM traded up $0.16 during trading on Friday, reaching $76.21. The company had a trading volume of 69,125 shares, compared to its average volume of 263,421. Pampa Energía S.A. has a fifty-two week low of $38.58 and a fifty-two week high of $97.55. 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 stock's fifty day moving average price is $76.52 and its 200 day moving average price is $79.40. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 11.74 and a beta of 0.94.

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 company had revenue of $435.00 million for the quarter, compared to analysts' expectations of $454.61 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. As a group, equities research analysts predict that Pampa Energía S.A. will post 9.33 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price objective on shares of Pampa Energía from $59.00 to $93.50 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, 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.