Insider Buying: Pampa Energia (NYSE:PAM) Director Acquires $2,476,246.30 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 739,178 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were acquired at an average cost of $3.35 per share, with a total value of $2,476,246.30. Following the completion of the transaction, the director owned 22,386,151 shares in the company, valued at approximately $74,993,605.85. The trade was a 3.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, June 25th, Marcos Marcelo Mindlin bought 383,600 shares of Pampa Energia stock. The stock was purchased at an average cost of $3.37 per share, with a total value of $1,292,732.00.
• On Wednesday, May 27th, Marcos Marcelo Mindlin bought 275,000 shares of Pampa Energia stock. The stock was purchased at an average price of $3.37 per share, for a total transaction of $926,750.00.
• On Tuesday, May 19th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.48, for a total value of $6,264,000.00.
• 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 shares were sold at an average price of $3.54, for a total value of $5,929,500.00.

Pampa Energia Price Performance

NYSE PAM opened at $80.50 on Monday. The company has a market cap of $4.33 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. Pampa Energia S.A. has a 52 week low of $54.95 and a 52 week high of $94.50. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $82.80 and its two-hundred day simple moving average is $83.90.

Pampa Energia (NYSE:PAM) last posted its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The firm had revenue of $573.00 million during the quarter. Research analysts predict that Pampa Energia S.A. will post 9.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on PAM. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and raised their price target for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. JPMorgan Chase & Co. boosted their price objective on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research note on Monday, June 1st. Finally, Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $103.83.

Institutional Trading of Pampa Energia

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Pampa Energia in the 2nd quarter valued at $37,000. NFJ Investment Group LLC bought a new position in shares of Pampa Energia in the fourth quarter worth $104,000. Van ECK Associates Corp purchased a new stake in shares of Pampa Energia in the third quarter worth $139,000. Quantbot Technologies LP purchased a new stake in shares of Pampa Energia in the third quarter worth $187,000. Finally, Arete Wealth Advisors LLC bought a new stake in Pampa Energia during the fourth quarter valued at $212,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

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.