Wealth High Governance Capital Ltda Sells 6,033 Shares of Pampa Energia S.A. $PAM

Wealth High Governance Capital Ltda cut its holdings in Pampa Energia S.A. (NYSE:PAM) by 17.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,043 shares of the utilities provider’s stock after selling 6,033 shares during the quarter. Wealth High Governance Capital Ltda owned approximately 0.05% of Pampa Energia worth $2,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Pampa Energia during the 2nd quarter valued at about $37,000. NFJ Investment Group LLC purchased a new stake in shares of Pampa Energia in the 4th quarter worth approximately $104,000. Van ECK Associates Corp purchased a new stake in shares of Pampa Energia in the 3rd quarter worth approximately $139,000. Arete Wealth Advisors LLC bought a new position in shares of Pampa Energia during the fourth quarter valued at approximately $212,000. Finally, DGS Capital Management LLC bought a new position in shares of Pampa Energia during the fourth quarter valued at approximately $234,000. 12.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pampa Energia

In other news, insider Damian Miguel Mindlin sold 555,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the transaction, the insider directly owned 12,541,870 shares of the company’s stock, valued at approximately $44,523,638.50. This represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Marcos Marcelo Mindlin sold 1,500,000 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $3.54, for a total value of $5,310,000.00. Following the transaction, the director directly owned 20,055,667 shares in the company, valued at approximately $70,997,061.18. The trade was a 6.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders bought 1,710,694 shares of company stock worth $7,701,005 and sold 7,157,000 shares worth $24,696,070. 55.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PAM has been the subject of a number of recent research reports. Zacks Research downgraded shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their target price on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a report on Monday, June 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. Finally, Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Pampa Energia has an average rating of “Hold” and a consensus target price of $103.83.

Pampa Energia Stock Performance

PAM stock opened at $88.57 on Monday. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 2.32 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. The firm has a 50-day simple moving average of $84.09 and a two-hundred day simple moving average of $83.28.

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. The firm 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%. On average, equities analysts forecast that Pampa Energia S.A. will post 10.65 EPS for the current fiscal year.

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.