Insider Selling: Pampa Energia (NYSE:PAM) Director Sells 1,800,000 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,800,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $3.48, for a total value of $6,264,000.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $3.54, for a total value of $5,929,500.00.

Pampa Energia Stock Performance

Pampa Energia stock traded up $2.71 during mid-day trading on Thursday, reaching $82.15. 229,134 shares of the company were exchanged, compared to its average volume of 238,987. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. The firm’s 50-day simple moving average is $83.57 and its two-hundred day simple moving average is $84.75. 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 firm has a market cap of $4.47 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 3.27 and a beta of 0.97.

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

Analysts Set New Price Targets

A number of analysts have weighed in on PAM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and increased their price objective for the stock 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 report on Saturday, March 14th. Finally, Zacks Research raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One equities research 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 company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $105.00.

Institutional Trading of Pampa Energia

Several hedge funds have recently modified their holdings of the business. Guardian Partners Inc. acquired a new stake in shares of Pampa Energia in the 1st quarter valued at approximately $620,000. ABS Direct Equity Fund LLC lifted its holdings in shares of Pampa Energia by 183.3% in the 1st quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock valued at $6,359,000 after buying an additional 47,856 shares during the period. Absolute Gestao de Investimentos Ltda. lifted its holdings in shares of Pampa Energia by 198.1% in the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after buying an additional 190,963 shares during the period. Modern Wealth Management LLC acquired a new stake in shares of Pampa Energia in the 1st quarter valued at approximately $371,000. Finally, Titan Global Capital Management USA LLC lifted its holdings in shares of 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 during the period. 12.77% of the stock is owned by institutional investors and hedge funds.

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.