Marcos Marcelo Mindlin Buys 150,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average cost of $3.38 per share, with a total value of $507,000.00. Following the purchase, the director directly owned 22,180,592 shares of the company’s stock, valued at $74,970,400.96. This trade represents a 0.68% increase in their ownership of the stock. The purchase 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, August 19th, Marcos Marcelo Mindlin bought 902,975 shares of Pampa Energia stock. The stock was acquired at an average price of $3.34 per share, with a total value of $3,015,936.50.
• On Tuesday, August 18th, Marcos Marcelo Mindlin purchased 396,950 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.35 per share, for a total transaction of $1,329,782.50.
• On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.54, for a total value of $5,310,000.00.
• On Wednesday, July 1st, Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.41, for a total transaction of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin acquired 287,916 shares of Pampa Energia stock. The shares were bought at an average cost of $3.37 per share, with a total value of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin acquired 383,600 shares of Pampa Energia stock. The stock was bought at an average price of $3.37 per share, with a total value 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 price of $3.35 per share, for a total transaction of $2,476,246.30.

Pampa Energia Stock Up 1.7%

Pampa Energia stock opened at $83.72 on Wednesday. The company has a market capitalization of $4.50 billion, a PE ratio of 7.95, a PEG ratio of 0.28 and a beta of 0.93. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50. The firm’s fifty day moving average is $82.56 and its 200 day moving average is $82.88. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The business had revenue of $746.00 million during the quarter. As a group, sell-side analysts predict that Pampa Energia S.A. will post 10.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on PAM shares. JPMorgan Chase & Co. raised their target price on Pampa Energia from $101.50 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $105.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PAM. Raymond James Financial Inc. acquired a new stake in shares of Pampa Energia in the 2nd quarter worth about $37,000. NFJ Investment Group LLC bought a new position in Pampa Energia in the 4th quarter valued at about $104,000. Van ECK Associates Corp acquired a new position in Pampa Energia during the 3rd quarter valued at about $139,000. Arete Wealth Advisors LLC acquired a new position in Pampa Energia during the 4th quarter valued at about $212,000. Finally, DGS Capital Management LLC bought a new stake in Pampa Energia during the 4th quarter worth approximately $234,000. 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.