Pampa Energia (NYSE:PAM) Director Sells 1,800,000 Shares

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,800,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $3.35, for a total transaction of $6,030,000.00. Following the sale, the director owned 23,171,973 shares in the company, valued at $77,626,109.55. This trade represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Marcos Marcelo Mindlin also recently made the following trade(s):

• 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 Price Performance

Shares of PAM stock traded up $3.08 during midday trading on Monday, reaching $81.80. 272,071 shares of the company were exchanged, compared to its average volume of 240,155. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50. The company has a market cap of $4.45 billion, a P/E ratio of 10.20, a PEG ratio of 3.13 and a beta of 0.97. The company’s 50 day moving average price is $83.14 and its two-hundred day moving average price is $84.02. 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 released its quarterly earnings results 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 company had revenue of $573.00 million for the quarter. On average, sell-side analysts expect that Pampa Energia S.A. will post 8.62 earnings per share for the current year.

Institutional Trading of Pampa Energia

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA lifted its stake in Pampa Energia by 1.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock valued at $1,463,000 after purchasing an additional 316 shares during the last quarter. DGS Capital Management LLC raised its holdings in shares of Pampa Energia by 16.6% during the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock valued at $273,000 after acquiring an additional 438 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Pampa Energia during the second quarter valued at approximately $37,000. Titan Global Capital Management USA LLC raised its holdings in shares of Pampa Energia by 6.4% during the first quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock valued at $1,205,000 after acquiring an additional 820 shares during the period. Finally, NFJ Investment Group LLC acquired a new stake in shares of Pampa Energia during the fourth quarter valued at approximately $104,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.