Marcos Marcelo Mindlin Purchases 275,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin purchased 275,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average cost of $3.37 per share, for a total transaction of $926,750.00. Following the transaction, the director owned 21,646,973 shares in the company, valued at approximately $72,950,299.01. The trade was a 1.29% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $6,264,000.00.
• On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.35, for a total transaction of $6,030,000.00.
• On Wednesday, April 22nd, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.51, for a total transaction 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 transaction 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 transaction of $5,929,500.00.

Pampa Energia Trading Up 1.8%

Shares of PAM stock opened at $85.62 on Friday. The company’s 50-day moving average price is $83.51 and its 200-day moving average price is $84.54. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 3.34 and a beta of 0.97. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PAM shares. Zacks Research raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and upped their target price for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. Finally, Wall Street Zen raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. One investment 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 stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $105.00.

Institutional Trading of Pampa Energia

A number of institutional investors and hedge funds have recently bought and sold shares of PAM. Millennium Management LLC increased its stake in Pampa Energia by 85.4% during the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock worth $12,547,000 after purchasing an additional 74,841 shares during the period. Jane Street Group LLC increased its stake in Pampa Energia by 44.1% during the first 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 during the period. Marshall Wace LLP increased its stake in Pampa Energia by 21.7% during the second quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock worth $3,965,000 after purchasing an additional 10,195 shares during the period. Federated Hermes Inc. purchased a new stake in Pampa Energia during the second quarter worth about $578,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Pampa Energia during the second quarter worth about $379,000. 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.