Marcos Marcelo Mindlin Sells 1,500,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $3.54, for a total value of $5,310,000.00. Following the transaction, the director owned 20,055,667 shares in the company, valued at approximately $70,997,061.18. This trade represents a 6.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, July 1st, Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.41, for a total transaction of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin bought 287,916 shares of Pampa Energia stock. The stock was acquired at an average price of $3.37 per share, for a total transaction of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin purchased 383,600 shares of Pampa Energia stock. The stock was bought at an average cost of $3.37 per share, for a total transaction of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin bought 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 acquired 275,000 shares of Pampa Energia stock. The shares were purchased at an average cost 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 transaction 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 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 shares were sold at an average price of $3.54, for a total transaction of $5,929,500.00.

Pampa Energia Stock Down 1.3%

Pampa Energia stock opened at $81.39 on Friday. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. 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 firm has a market cap of $4.37 billion, a PE ratio of 10.15, a P/E/G ratio of 2.86 and a beta of 0.97. The firm’s 50 day moving average price is $82.73 and its two-hundred day moving average price is $83.43.

Pampa Energia (NYSE:PAM) last issued its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) 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. On average, research analysts predict that Pampa Energia S.A. will post 9.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PAM has been the topic of a number of recent research reports. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. raised their price target on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their price objective for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. Finally, Zacks Research raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Pampa Energia has an average rating of “Moderate Buy” and an average target price of $103.83.

Institutional Trading of Pampa Energia

Several large investors have recently modified their holdings of the company. BW Gestao de Investimentos Ltda. bought a new stake in Pampa Energia during the fourth quarter valued at about $3,105,000. Fundamenta Capital S.A. bought a new stake in shares of Pampa Energia in the fourth quarter valued at approximately $23,496,000. Brevan Howard Capital Management LP increased its position in Pampa Energia by 161.7% during the third quarter. Brevan Howard Capital Management LP now owns 101,553 shares of the utilities provider’s stock worth $6,099,000 after acquiring an additional 62,750 shares during the period. Wealth High Governance Capital Ltda acquired a new position in Pampa Energia during the 4th quarter valued at $4,861,000. Finally, Hsbc Holdings PLC boosted its holdings in Pampa Energia by 77.6% in the 4th quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock valued at $4,058,000 after purchasing an additional 20,438 shares during the period. 12.77% of the stock is owned by institutional investors.

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.