Marcos Marcelo Mindlin Buys 739,178 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 739,178 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was acquired at an average cost of $3.35 per share, for a total transaction of $2,476,246.30. Following the acquisition, the director directly owned 22,386,151 shares of the company’s stock, valued at $74,993,605.85. The trade was a 3.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Marcos Marcelo Mindlin also recently made the following trade(s):

• On Thursday, June 25th, Marcos Marcelo Mindlin acquired 383,600 shares of Pampa Energia stock. The shares were acquired at an average cost of $3.37 per share, with a total value of $1,292,732.00.
• On Wednesday, May 27th, Marcos Marcelo Mindlin acquired 275,000 shares of Pampa Energia stock. The stock was acquired at an average price of $3.37 per share, for a total transaction of $926,750.00.
• On Tuesday, May 19th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.48, for a total value of $6,264,000.00.
• On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.35, for a total value of $6,030,000.00.
• On Wednesday, April 22nd, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.51, for a total value of $5,265,000.00.
• On Monday, April 20th, Marcos Marcelo Mindlin sold 1,250,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.43, for a total transaction of $4,287,500.00.
• On Thursday, April 16th, Marcos Marcelo Mindlin sold 1,675,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.54, for a total transaction of $5,929,500.00.

Pampa Energia Stock Up 0.7%

Shares of NYSE:PAM opened at $80.50 on Friday. The firm has a 50 day simple moving average of $82.80 and a 200-day simple moving average of $83.95. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $4.38 billion, a PE ratio of 10.04, a P/E/G ratio of 2.85 and a beta of 0.95.

Pampa Energia (NYSE:PAM) last posted its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The firm had revenue of $573.00 million for the quarter. On average, equities analysts predict that Pampa Energia S.A. will post 9.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a report on Monday, June 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their target price for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $103.83.

Institutional Trading of Pampa Energia

Several hedge funds have recently made changes to their positions in the company. Pictet Asset Management Holding SA boosted its holdings in shares of Pampa Energia by 1.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock valued at $1,463,000 after acquiring an additional 316 shares in the last quarter. DGS Capital Management LLC lifted its position in Pampa Energia by 16.6% in the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock valued at $273,000 after purchasing an additional 438 shares during the period. Raymond James Financial Inc. purchased a new stake in Pampa Energia in the 2nd quarter valued at approximately $37,000. Titan Global Capital Management USA LLC increased its position in Pampa Energia by 6.4% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock worth $1,205,000 after purchasing an additional 820 shares during the period. Finally, NFJ Investment Group LLC purchased a new position in shares of Pampa Energia during the 4th quarter worth approximately $104,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energia Company Profile

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.