Damian Miguel Mindlin Sells 300,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) VP Damian Miguel Mindlin sold 300,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $3.41, for a total transaction of $1,023,000.00. Following the completion of the transaction, the vice president directly owned 14,468,847 shares of the company’s stock, valued at approximately $49,338,768.27. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Damian Miguel Mindlin also recently made the following trade(s):

• On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The stock was sold at an average price of $3.65, for a total transaction of $1,741.05.
• On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.45, for a total transaction of $1,480,050.00.

Pampa Energia Price Performance

PAM stock traded down $0.10 during trading on Monday, hitting $84.01. 111,718 shares of the company’s stock traded hands, compared to its average volume of 224,944. Pampa Energia S.A. has a 52 week low of $54.95 and a 52 week high of $94.50. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 3.61 and a beta of 1.16. The business has a fifty day simple moving average of $82.30 and a 200 day simple moving average of $79.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.75 and a current ratio of 3.11.

Pampa Energia (NYSE:PAM) last posted its earnings results on Monday, March 2nd. The utilities provider reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $2.35. The firm had revenue of $96.00 million for the quarter, compared to the consensus estimate of $737.30 billion. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. As a group, research analysts expect that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and upped their price objective for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a report on Thursday, January 22nd. Finally, Zacks Research downgraded Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 31st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Pampa Energia has an average rating of “Hold” and a consensus target price of $105.00.

Institutional Trading of Pampa Energia

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of Pampa Energia by 85.4% during the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after buying an additional 74,841 shares during the period. Jane Street Group LLC lifted its stake in shares of Pampa Energia by 44.1% during the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock worth $1,514,000 after acquiring an additional 6,005 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in shares of Pampa Energia by 6.8% during the 2nd quarter. Personal CFO Solutions LLC now owns 4,335 shares of the utilities provider’s stock worth $301,000 after acquiring an additional 276 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in Pampa Energia by 15.0% during the 2nd quarter. Insigneo Advisory Services LLC now owns 10,186 shares of the utilities provider’s stock valued at $707,000 after acquiring an additional 1,331 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Pampa Energia by 21.7% during the 2nd quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock valued at $3,965,000 after acquiring an additional 10,195 shares during the period. Institutional investors own 12.77% of the company’s stock.

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.