Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Acquires 287,916 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 287,916 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was purchased at an average cost of $3.37 per share, for a total transaction of $970,276.92. Following the completion of the acquisition, the director owned 23,057,667 shares in the company, valued at $77,704,337.79. This trade represents a 1.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, June 25th, Marcos Marcelo Mindlin purchased 383,600 shares of Pampa Energia stock. The shares were acquired at an average price of $3.37 per share, with a total value of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin purchased 739,178 shares of Pampa Energia stock. The shares were acquired at an average cost of $3.35 per share, for a total transaction of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin purchased 275,000 shares of Pampa Energia stock. The shares were acquired at an average cost 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 shares were 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 shares were 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 stock was 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 stock was sold at an average price of $3.43, for a total value 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 value of $5,929,500.00.

Pampa Energia Stock Up 1.5%

PAM opened at $82.01 on Tuesday. The stock’s fifty day simple moving average is $82.79 and its 200 day simple moving average is $83.85. Pampa Energia S.A. has a 1-year low of $54.95 and a 1-year high of $94.50. The stock has a market cap of $4.41 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data 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 during the quarter. As a group, research analysts expect that Pampa Energia S.A. will post 9.69 earnings per share for the current year.

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors have recently modified their holdings of PAM. Raymond James Financial Inc. acquired a new stake in Pampa Energia in the 2nd quarter worth about $37,000. NFJ Investment Group LLC bought a new stake in Pampa Energia in the 4th quarter valued at about $104,000. Van ECK Associates Corp bought a new stake in Pampa Energia in the 3rd quarter valued at about $139,000. Quantbot Technologies LP acquired a new position in shares of Pampa Energia during the 3rd quarter worth approximately $187,000. Finally, Arete Wealth Advisors LLC acquired a new position in shares of Pampa Energia during the 4th quarter worth approximately $212,000. Institutional investors own 12.77% of the company’s stock.

Analyst Ratings Changes

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

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.