Damian Miguel Mindlin Sells 555,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Miguel Mindlin sold 555,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the completion of the sale, the insider directly owned 12,541,870 shares of the company’s stock, valued at $44,523,638.50. The trade was a 4.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, April 9th, Damian Miguel Mindlin sold 57,500 shares of Pampa Energia stock. The stock was sold at an average price of $3.47, for a total transaction of $199,525.00.
• On Tuesday, March 31st, Damian Miguel Mindlin sold 500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.57, for a total transaction of $1,785,000.00.
• On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The stock was sold at an average price of $3.65, for a total transaction 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 transaction 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 transaction of $1,480,050.00.

Pampa Energia Stock Performance

PAM stock opened at $81.71 on Friday. The company has a market capitalization of $4.44 billion, a P/E ratio of 10.19, a PEG ratio of 2.89 and a beta of 0.95. The company has a 50-day simple moving average of $83.49 and a 200 day simple moving average of $84.42. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $94.50. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The company had revenue of $573.00 million during the quarter. Sell-side analysts predict that Pampa Energia S.A. will post 9.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on PAM. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and upped their price target for the company from $88.00 to $97.00 in a report on Thursday, March 12th. JPMorgan Chase & Co. upped 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. Wall Street Zen raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, Zacks Research downgraded shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. 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, Pampa Energia has an average rating of “Hold” and an average price target of $103.83.

Institutional Trading of Pampa Energia

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pictet Asset Management Holding SA raised its holdings in Pampa Energia by 1.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock worth $1,463,000 after buying an additional 316 shares during the period. DGS Capital Management LLC raised its holdings in Pampa Energia by 16.6% during the 1st quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock worth $273,000 after buying an additional 438 shares during the period. Raymond James Financial Inc. acquired a new stake in Pampa Energia during the 2nd quarter worth about $37,000. Titan Global Capital Management USA LLC raised its holdings 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 buying an additional 820 shares during the period. Finally, NFJ Investment Group LLC acquired a new stake in Pampa Energia during the 4th quarter worth about $104,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.