Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Acquires 500,000 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin acquired 500,000 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were bought at an average price of $3.44 per share, for a total transaction of $1,720,000.00. Following the acquisition, the director owned 22,680,592 shares of the company’s stock, valued at approximately $78,021,236.48. This represents a 2.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, August 27th, Marcos Marcelo Mindlin bought 150,000 shares of Pampa Energia stock. The stock was bought at an average price of $3.38 per share, with a total value of $507,000.00.
• On Wednesday, August 19th, Marcos Marcelo Mindlin purchased 902,975 shares of Pampa Energia stock. The shares were bought at an average price of $3.34 per share, for a total transaction of $3,015,936.50.
• On Tuesday, August 18th, Marcos Marcelo Mindlin purchased 396,950 shares of Pampa Energia stock. The stock was bought at an average cost of $3.35 per share, with a total value of $1,329,782.50.
• On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The stock was 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 shares were sold at an average price of $3.41, for a total transaction of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin bought 287,916 shares of Pampa Energia stock. The stock was purchased at an average cost 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 price of $3.37 per share, with a total value of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin purchased 739,178 shares of Pampa Energia stock. The shares were purchased at an average price of $3.35 per share, for a total transaction of $2,476,246.30.

Pampa Energia Stock Performance

Shares of NYSE:PAM traded up $1.95 during trading on Wednesday, hitting $86.03. The stock had a trading volume of 103,039 shares, compared to its average volume of 215,282. 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 12-month low of $54.95 and a 12-month high of $94.50. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 0.28 and a beta of 0.93. The stock has a 50-day simple moving average of $82.56 and a two-hundred day simple moving average of $82.88.

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

Wall Street Analyst Weigh In

PAM has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. JPMorgan Chase & Co. upped their price objective on shares of Pampa Energia from $101.50 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Wall Street Zen cut shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 23rd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $105.00.

Hedge Funds Weigh In On Pampa Energia

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in Pampa Energia by 85.4% in the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after acquiring an additional 74,841 shares during the last quarter. Jane Street Group LLC grew its stake in 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 purchasing an additional 6,005 shares in the last quarter. Marshall Wace LLP increased its position in shares of Pampa Energia by 21.7% in the 2nd quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock valued at $3,965,000 after purchasing an additional 10,195 shares during the last quarter. Federated Hermes Inc. purchased a new stake in shares of Pampa Energia in the 2nd quarter valued at approximately $578,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Pampa Energia in the 2nd quarter valued at about $379,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.