Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Purchases 902,975 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 902,975 shares of the stock in a transaction dated Wednesday, August 19th. The stock was bought at an average price of $3.34 per share, with a total value of $3,015,936.50. Following the acquisition, the director owned 21,355,592 shares in the company, valued at approximately $71,327,677.28. This represents a 4.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, August 18th, Marcos Marcelo Mindlin purchased 396,950 shares of Pampa Energia stock. The shares were bought at an average price of $3.35 per share, for a total transaction of $1,329,782.50.
• On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.54, for a total transaction of $5,310,000.00.
• On Wednesday, July 1st, Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.41, for a total value of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin bought 287,916 shares of Pampa Energia stock. The shares were purchased at an average price of $3.37 per share, for a total transaction of $970,276.92.
• 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, June 24th, Marcos Marcelo Mindlin bought 739,178 shares of Pampa Energia stock. The stock was purchased at an average cost of $3.35 per share, with a total value of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin bought 275,000 shares of Pampa Energia stock. The stock was purchased at an average cost of $3.37 per share, with a total value of $926,750.00.

Pampa Energia Trading Down 0.1%

NYSE:PAM opened at $79.18 on Friday. The stock’s 50 day moving average price is $83.33 and its 200 day moving average price is $83.06. The company has a market capitalization of $4.26 billion, a PE ratio of 7.52, a P/E/G ratio of 0.27 and a beta of 0.97. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64. Pampa Energia S.A. has a 52-week low of $54.95 and a 52-week high of $94.50.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. The company had revenue of $746.00 million during the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%. On average, research analysts anticipate that Pampa Energia S.A. will post 10.68 EPS for the current year.

Institutional Investors Weigh In On Pampa Energia

Several institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in Pampa Energia during the second quarter worth about $1,057,000. Wealth High Governance Asset Management Ltda. grew its position in shares of Pampa Energia by 24.5% in the first quarter. Wealth High Governance Asset Management Ltda. now owns 24,714 shares of the utilities provider’s stock valued at $2,187,000 after purchasing an additional 4,866 shares during the last quarter. Guardian Partners Inc. acquired a new stake in shares of Pampa Energia in the first quarter valued at approximately $620,000. ABS Direct Equity Fund LLC increased its stake in shares of Pampa Energia by 183.3% during the 1st quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock worth $6,359,000 after purchasing an additional 47,856 shares in the last quarter. Finally, Absolute Gestao de Investimentos Ltda. raised its position in shares of 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 purchasing an additional 190,963 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. JPMorgan Chase & Co. increased their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Wall Street Zen upgraded shares of Pampa Energia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $103.83.

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.