Damian Miguel Mindlin Sells 500,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) VP Damian Miguel Mindlin sold 500,000 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $3.57, for a total transaction of $1,785,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Damian Miguel Mindlin also recently made the following trade(s):

• On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The shares were sold at an average price of $3.65, for a total value of $1,741.05.
• On Thursday, March 19th, Damian Miguel Mindlin sold 300,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.41, for a total value of $1,023,000.00.
• On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.45, for a total value of $1,480,050.00.

Pampa Energia Stock Down 0.3%

Shares of NYSE:PAM opened at $89.02 on Friday. The firm has a market capitalization of $4.84 billion, a P/E ratio of 12.85, a P/E/G ratio of 3.55 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.75 and a current ratio of 3.11. The stock has a 50 day moving average price of $83.28 and a 200-day moving average price of $80.47. Pampa Energia S.A. has a 52-week low of $54.95 and a 52-week high of $94.50.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Sunday, February 15th. The utilities provider reported $2.50 earnings per share for the quarter. The company had revenue of $507.00 million for the quarter. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%. As a group, equities research analysts anticipate that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PAM. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. Zacks Research raised shares of Pampa Energia from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their target price for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Hedge Funds Weigh In On Pampa Energia

Institutional investors and hedge funds have recently modified their holdings of the stock. Helikon Investments Ltd raised its position in shares of Pampa Energia by 41.9% in the 3rd quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock worth $41,968,000 after purchasing an additional 206,197 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Pampa Energia by 8.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock valued at $41,845,000 after purchasing an additional 45,653 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Pampa Energia by 20.5% during the 4th quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider’s stock valued at $24,319,000 after purchasing an additional 46,719 shares in the last quarter. PointState Capital LP purchased a new position in Pampa Energia in the fourth quarter worth about $24,006,000. Finally, Fundamenta Capital S.A. purchased a new position in Pampa Energia in the fourth quarter worth about $23,496,000. 12.77% of the stock is currently owned by institutional investors.

About Pampa Energia

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.