Pampa Energia (NYSE:PAM) VP Gustavo Mariani Buys 25,000 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) VP Gustavo Mariani acquired 25,000 shares of Pampa Energia stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average price of $81.40 per share, with a total value of $2,035,000.00. Following the purchase, the vice president directly owned 1,566,184 shares of the company’s stock, valued at approximately $127,487,377.60. This trade represents a 1.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Pampa Energia Stock Down 4.5%

Shares of NYSE PAM opened at $78.78 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. Pampa Energia S.A. has a 52 week low of $54.95 and a 52 week high of $94.50. The firm has a 50-day moving average price of $83.14 and a 200 day moving average price of $84.02. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 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 during the quarter. Equities research analysts anticipate that Pampa Energia S.A. will post 8.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their price objective for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Finally, Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $105.00.

Institutional Investors Weigh In On Pampa Energia

A number of hedge funds and other institutional investors have recently modified their holdings of PAM. PointState Capital LP purchased a new stake in shares of Pampa Energia during the fourth quarter worth about $24,006,000. Fundamenta Capital S.A. purchased a new stake in shares of Pampa Energia during the fourth quarter worth about $23,496,000. Helikon Investments Ltd grew its holdings in shares of Pampa Energia by 41.9% during the third quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock worth $41,968,000 after buying an additional 206,197 shares in the last quarter. Ping Capital Management Inc. grew its holdings in shares of Pampa Energia by 217.6% during the third quarter. Ping Capital Management Inc. now owns 242,000 shares of the utilities provider’s stock worth $14,535,000 after buying an additional 165,800 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda purchased a new stake in shares of Pampa Energia during the first quarter worth about $14,482,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

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.