Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Sells 1,502,000 Shares

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,502,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $3.41, for a total value of $5,121,820.00. Following the transaction, the director directly owned 21,555,667 shares in the company, valued at $73,504,824.47. This trade represents a 6.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 value of $5,310,000.00.
• On Friday, June 26th, Marcos Marcelo Mindlin bought 287,916 shares of Pampa Energia stock. The stock was bought at an average cost of $3.37 per share, with a total value of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin acquired 383,600 shares of Pampa Energia stock. The shares were 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 bought 739,178 shares of Pampa Energia stock. The shares were purchased 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 bought 275,000 shares of Pampa Energia stock. The shares were purchased at an average cost 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 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 stock was 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 stock was 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 Down 0.0%

PAM opened at $82.42 on Thursday. The stock has a market capitalization of $4.43 billion, a PE ratio of 10.28, a P/E/G ratio of 2.86 and a beta of 0.97. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. 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 business’s 50 day moving average price is $82.75 and its 200 day moving average price is $83.49.

Pampa Energia (NYSE:PAM) last posted its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The company had revenue of $573.00 million during the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. As a group, equities research analysts expect that Pampa Energia S.A. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and lifted their price objective for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, 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 report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Pampa Energia has a consensus rating of “Moderate Buy” and an average target price of $103.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pictet Asset Management Holding SA increased its holdings in shares of Pampa Energia by 1.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock valued at $1,463,000 after acquiring an additional 316 shares during the last quarter. DGS Capital Management LLC lifted its stake in Pampa Energia by 16.6% during the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 438 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Pampa Energia in the second quarter valued at approximately $37,000. Titan Global Capital Management USA LLC boosted its holdings in Pampa Energia by 6.4% in the first quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock valued at $1,205,000 after purchasing an additional 820 shares in the last quarter. Finally, NFJ Investment Group LLC purchased a new position in Pampa Energia in the fourth quarter valued at approximately $104,000. 12.77% of the stock is 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.