Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin 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 that occurred on Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total value of $6,264,000.00. Following the completion of the transaction, the director directly owned 24,971,973 shares of the company’s stock, valued at $86,902,466.04. The trade was a 6.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.35, for a total value of $6,030,000.00.
• On Wednesday, April 22nd, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.51, for a total value of $5,265,000.00.
• On Monday, April 20th, Marcos Marcelo Mindlin sold 1,250,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.43, for a total value of $4,287,500.00.
• On Thursday, April 16th, Marcos Marcelo Mindlin sold 1,675,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.54, for a total value of $5,929,500.00.

Pampa Energia Stock Up 3.4%

Pampa Energia stock opened at $82.15 on Friday. The stock has a market capitalization of $4.47 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 3.16 and a beta of 0.97. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50. The business has a 50 day simple moving average of $83.56 and a 200-day simple moving average of $84.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. The business had revenue of $573.00 million during the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. On average, analysts anticipate that Pampa Energia S.A. will post 8.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Pampa Energia

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA grew its holdings in Pampa Energia by 1.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock valued at $1,463,000 after buying an additional 316 shares in the last quarter. DGS Capital Management LLC grew its holdings in Pampa Energia by 16.6% in the 1st quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock valued at $273,000 after buying an additional 438 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Pampa Energia in the 2nd quarter valued at $37,000. Titan Global Capital Management USA LLC grew its holdings in Pampa Energia by 6.4% in the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock valued at $1,205,000 after buying an additional 820 shares in the last quarter. Finally, NFJ Investment Group LLC purchased a new stake in Pampa Energia in the 4th quarter valued at $104,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.