Pampa Energia (NYSE:PAM) Director Acquires $1,292,732.00 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin purchased 383,600 shares of the stock in a transaction dated Thursday, June 25th. The stock was acquired at an average cost of $3.37 per share, for a total transaction of $1,292,732.00. Following the transaction, the director owned 22,769,751 shares of the company’s stock, valued at approximately $76,734,060.87. This trade represents a 1.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 stock was acquired at an average cost of $3.35 per share, with a total value of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin acquired 275,000 shares of Pampa Energia stock. The stock was acquired 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 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 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 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 value 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 value of $5,929,500.00.

Pampa Energia Price Performance

Shares of NYSE PAM opened at $80.50 on Monday. 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 market cap of $4.33 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. The stock has a fifty day moving average of $82.80 and a 200-day moving average of $83.90.

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 return on equity of 12.23% and a net margin of 20.31%.The business had revenue of $573.00 million for the quarter. Equities research analysts anticipate that Pampa Energia S.A. will post 9.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PAM. PointState Capital LP bought a new stake in Pampa Energia during the fourth quarter valued at approximately $24,006,000. Fundamenta Capital S.A. bought a new position in shares of Pampa Energia in the 4th quarter worth $23,496,000. Absolute Gestao de Investimentos Ltda. increased 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 worth $25,433,000 after buying an additional 190,963 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of Pampa Energia during the 1st quarter valued at $14,482,000. Finally, Seldon Capital LP purchased a new stake in shares of Pampa Energia during the 4th quarter valued at $12,582,000. 12.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.