Marcos Marcelo Mindlin Sells 1,502,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,502,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $3.41, for a total transaction of $5,121,820.00. Following the sale, the director directly owned 21,555,667 shares of the company’s stock, valued at approximately $73,504,824.47. This represents a 6.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.54, for a total transaction of $5,310,000.00.
• On Friday, June 26th, Marcos Marcelo Mindlin bought 287,916 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.37 per share, for a total transaction of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin bought 383,600 shares of Pampa Energia stock. The shares were bought at an average price of $3.37 per share, for a total transaction of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin purchased 739,178 shares of Pampa Energia stock. The stock was bought at an average price of $3.35 per share, with a total value of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin purchased 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 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 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 Trading Down 1.3%

Shares of Pampa Energia stock opened at $81.39 on Friday. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 2.86 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. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $94.50. The stock has a 50 day moving average of $82.73 and a 200 day moving average of $83.43.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings data 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 firm had revenue of $573.00 million for the quarter. As a group, research analysts predict that Pampa Energia S.A. will post 9.89 earnings per share for the current year.

Institutional Investors Weigh In On Pampa Energia

A number of hedge funds have recently added to or reduced their stakes in the company. PointState Capital LP purchased a new stake in Pampa Energia in the 4th quarter valued at approximately $24,006,000. Fundamenta Capital S.A. purchased a new position in shares of Pampa Energia during the 4th quarter worth approximately $23,496,000. Absolute Gestao de Investimentos Ltda. lifted its holdings in shares of Pampa Energia by 198.1% in the 1st 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 during the period. SPX Gestao de Recursos Ltda acquired a new stake in shares of Pampa Energia in the 1st quarter valued at approximately $14,482,000. Finally, Seldon Capital LP acquired a new stake in shares of Pampa Energia in the 4th quarter valued at approximately $12,582,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. HSBC raised 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. Wall Street Zen lowered Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. boosted 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.83.

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.