Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Sells 1,500,000 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,500,000 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $3.54, for a total transaction of $5,310,000.00. Following the completion of the transaction, the director owned 20,055,667 shares of the company’s stock, valued at approximately $70,997,061.18. The trade was a 6.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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, with a total value 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, for a total transaction 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.
• On Wednesday, May 27th, Marcos Marcelo Mindlin acquired 275,000 shares of Pampa Energia stock. The stock was purchased at an average price of $3.37 per share, with a total value 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 value 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 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 stock was sold at an average price of $3.54, for a total transaction of $5,929,500.00.

Pampa Energia Stock Performance

Shares of NYSE:PAM traded up $0.17 during midday trading on Wednesday, hitting $82.60. The company had a trading volume of 63,850 shares, compared to its average volume of 233,242. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 2.85 and a beta of 0.97. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50. The company has a fifty day moving average of $82.71 and a two-hundred day moving average of $83.53.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Wall Street Zen downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. JPMorgan Chase & Co. upped their price target on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research report on Monday, June 1st. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and increased their price objective for the stock from $88.00 to $97.00 in a research note on Thursday, March 12th. Finally, Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.83.

Institutional Trading of Pampa Energia

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAM. Pictet Asset Management Holding SA lifted its holdings in 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 worth $1,463,000 after purchasing an additional 316 shares in the last quarter. DGS Capital Management LLC raised its position in shares of Pampa Energia by 16.6% during the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock valued at $273,000 after buying an additional 438 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Pampa Energia in the second quarter worth $37,000. Titan Global Capital Management USA LLC boosted its position in shares of Pampa Energia by 6.4% during the first quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock worth $1,205,000 after acquiring an additional 820 shares during the last quarter. Finally, NFJ Investment Group LLC bought a new position in shares of Pampa Energia during the fourth quarter worth $104,000. Institutional investors own 12.77% of the company’s stock.

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.