Marcos Marcelo Mindlin Acquires 287,916 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin purchased 287,916 shares of the stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of $3.37 per share, with a total value of $970,276.92. Following the transaction, the director directly owned 23,057,667 shares in the company, valued at approximately $77,704,337.79. This trade represents a 1.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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 shares were bought at an average price of $3.37 per share, with a total value of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin bought 739,178 shares of Pampa Energia stock. The shares were bought at an average cost of $3.35 per share, for a total transaction of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin purchased 275,000 shares of Pampa Energia stock. The stock was bought 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 stock was 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 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 Performance

Shares of Pampa Energia stock opened at $82.03 on Wednesday. The company has a market capitalization of $4.41 billion, a PE ratio of 10.23, a P/E/G ratio of 2.89 and a beta of 0.95. 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 company has a 50-day simple moving average of $82.82 and a two-hundred day simple moving average of $83.79. 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 released its quarterly 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 business had revenue of $573.00 million for the quarter. Research analysts expect that Pampa Energia S.A. will post 9.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PAM. JPMorgan Chase & Co. raised their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research note on Monday, June 1st. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and increased their price objective for the company from $88.00 to $97.00 in a report on Thursday, March 12th. Zacks Research raised 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 research note on Friday, June 12th. Finally, Wall Street Zen lowered Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.83.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. PointState Capital LP purchased a new stake in Pampa Energia in the fourth quarter valued at approximately $24,006,000. Fundamenta Capital S.A. purchased a new position in Pampa Energia during the 4th quarter worth approximately $23,496,000. Absolute Gestao de Investimentos Ltda. raised its position in Pampa Energia by 198.1% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock worth $25,433,000 after buying an additional 190,963 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Pampa Energia during the 1st quarter valued at approximately $14,482,000. Finally, Seldon Capital LP acquired a new stake in Pampa Energia during the 4th quarter valued at approximately $12,582,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

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.