Marcos Marcelo Mindlin Purchases 383,600 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin acquired 383,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average price of $3.37 per share, for a total transaction of $1,292,732.00. Following the completion of the purchase, the director owned 22,769,751 shares in the company, valued at $76,734,060.87. This trade represents a 1.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, June 24th, Marcos Marcelo Mindlin acquired 739,178 shares of Pampa Energia stock. The shares were bought 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 bought 275,000 shares of Pampa Energia stock. The stock was bought at an average price of $3.37 per share, with a total value 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 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 stock was 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 shares were sold at an average price of $3.54, for a total transaction of $5,929,500.00.

Pampa Energia Price Performance

PAM stock opened at $80.50 on Friday. The firm has a 50 day moving average of $82.80 and a 200-day moving average of $83.95. The firm has a market capitalization of $4.38 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 2.85 and a beta of 0.95. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 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.

Pampa Energia (NYSE:PAM) last posted its 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 business had revenue of $573.00 million for the quarter. As a group, sell-side analysts predict that Pampa Energia S.A. will post 9.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Pampa Energia

Several institutional investors and hedge funds have recently made changes to their positions in PAM. Raymond James Financial Inc. purchased a new position in Pampa Energia in the second quarter worth $37,000. NFJ Investment Group LLC bought a new position in shares of Pampa Energia during the 4th quarter valued at about $104,000. Van ECK Associates Corp bought a new position in shares of Pampa Energia during the 3rd quarter valued at about $139,000. Quantbot Technologies LP purchased a new position in shares of Pampa Energia during the 3rd quarter valued at about $187,000. Finally, Arete Wealth Advisors LLC purchased a new position in shares of Pampa Energia during the 4th quarter valued at about $212,000. Hedge funds and other institutional investors 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.