Insider Buying: Pampa Energia (NYSE:PAM) Director Purchases $926,750.00 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin purchased 275,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average cost of $3.37 per share, for a total transaction of $926,750.00. Following the completion of the purchase, the director directly owned 21,646,973 shares of the company’s stock, valued at approximately $72,950,299.01. The trade was a 1.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 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 Performance

Shares of Pampa Energia stock opened at $85.62 on Friday. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 3.39 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04. The business’s 50 day moving average price is $83.51 and its 200 day moving average price is $84.54.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The firm had revenue of $573.00 million for the quarter. On average, research analysts predict that Pampa Energia S.A. will post 8.62 EPS for the current year.

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors have recently modified their holdings of the company. Helikon Investments Ltd grew its stake in shares of Pampa Energia by 41.9% in the third quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock valued at $41,968,000 after buying an additional 206,197 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Pampa Energia by 8.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock valued at $41,845,000 after buying an additional 45,653 shares in the last quarter. Absolute Gestao de Investimentos Ltda. grew its stake in shares of Pampa Energia by 198.1% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after buying an additional 190,963 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Pampa Energia by 20.5% in the fourth quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider’s stock valued at $24,319,000 after buying an additional 46,719 shares in the last quarter. Finally, PointState Capital LP acquired a new stake in shares of Pampa Energia in the fourth quarter valued at $24,006,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and lifted their target price for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. Finally, Wall Street Zen upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.00.

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.