SPX Gestao de Recursos Ltda Purchases Shares of 163,643 Pampa Energia S.A. $PAM

SPX Gestao de Recursos Ltda acquired a new position in Pampa Energia S.A. (NYSE:PAM) in the first quarter, HoldingsChannel reports. The institutional investor acquired 163,643 shares of the utilities provider’s stock, valued at approximately $14,482,000. Pampa Energia accounts for approximately 1.2% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 22nd biggest position.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Pampa Energia in the second quarter valued at about $37,000. NFJ Investment Group LLC purchased a new stake in shares of Pampa Energia during the fourth quarter worth about $104,000. Van ECK Associates Corp bought a new stake in Pampa Energia during the 3rd quarter valued at approximately $139,000. Arete Wealth Advisors LLC purchased a new position in Pampa Energia in the 4th quarter worth approximately $212,000. Finally, DGS Capital Management LLC bought a new position in Pampa Energia in the 4th quarter worth approximately $234,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Insider Activity at Pampa Energia

In other news, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the transaction, the director owned 24,971,973 shares of the company’s stock, valued at approximately $86,902,466.04. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Damian Miguel Mindlin sold 555,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total value of $1,970,250.00. Following the sale, the insider directly owned 12,541,870 shares of the company’s stock, valued at $44,523,638.50. This represents a 4.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have acquired 1,710,694 shares of company stock valued at $7,701,005 and have sold 9,907,000 shares valued at $34,248,570. 55.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PAM has been the subject of a number of research reports. Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Zacks Research upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.83.

Pampa Energia Price Performance

Shares of Pampa Energia stock opened at $82.08 on Friday. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 2.84 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 stock has a 50 day moving average price of $82.92 and a 200-day moving average price of $83.22. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50.

Pampa Energia (NYSE:PAM) last announced its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. The business 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%. Equities analysts expect that Pampa Energia S.A. will post 9.89 EPS for the current year.

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.