Insider Buying: Pampa Energia (NYSE:PAM) Director Purchases 275,000 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 275,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of $3.37 per share, for a total transaction of $926,750.00. Following the transaction, the director owned 21,646,973 shares in the company, valued at $72,950,299.01. This trade represents a 1.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction 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 transaction 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 transaction 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 stock was sold at an average price of $3.54, for a total transaction of $5,929,500.00.

Pampa Energia Trading Down 0.0%

NYSE:PAM traded down $0.03 during trading hours on Thursday, reaching $83.58. The company’s stock had a trading volume of 191,602 shares, compared to its average volume of 238,721. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 3.22 and a beta of 0.97. The firm has a 50-day simple moving average of $83.50 and a 200-day simple moving average of $84.54. Pampa Energia S.A. has a 1 year low of $54.95 and a 1 year 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.

Pampa Energia (NYSE:PAM) last issued its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. The company had revenue of $573.00 million for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. Research analysts expect that Pampa Energia S.A. will post 8.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PAM shares. Wall Street Zen raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their price target for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Finally, Zacks Research raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $105.00.

Institutional Investors Weigh In On Pampa Energia

A number of large investors have recently added to or reduced their stakes in PAM. Millennium Management LLC grew its holdings in Pampa Energia by 85.4% in the 1st quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock worth $12,547,000 after acquiring an additional 74,841 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Pampa Energia by 44.1% during the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock valued at $1,514,000 after purchasing an additional 6,005 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Pampa Energia by 21.7% during the 2nd quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock valued at $3,965,000 after purchasing an additional 10,195 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of Pampa Energia during the 2nd quarter valued at about $578,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Pampa Energia during the 2nd quarter valued at about $379,000. Institutional investors 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.