Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Purchases 150,000 Shares

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin purchased 150,000 shares of Pampa Energia stock in a transaction on Thursday, August 27th. The stock was bought at an average cost of $3.38 per share, with a total value of $507,000.00. Following the completion of the acquisition, the director owned 22,180,592 shares in the company, valued at approximately $74,970,400.96. This trade represents a 0.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, August 19th, Marcos Marcelo Mindlin bought 902,975 shares of Pampa Energia stock. The shares were purchased at an average cost 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 purchased 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 shares were sold at an average price of $3.54, for a total value 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 value 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 price 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 cost 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 acquired at an average price of $3.35 per share, for a total transaction of $2,476,246.30.

Pampa Energia Price Performance

Shares of PAM stock traded up $1.72 during mid-day trading on Monday, reaching $82.17. The company’s stock had a trading volume of 183,056 shares, compared to its average volume of 216,353. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64. The firm’s 50-day moving average is $82.58 and its two-hundred day moving average is $82.92. Pampa Energia S.A. has a 1-year low of $54.95 and a 1-year high of $94.50. The company has a market cap of $4.42 billion, a P/E ratio of 7.80, a PEG ratio of 0.27 and a beta of 0.97.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on PAM shares. Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. JPMorgan Chase & Co. upped their price objective 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. Finally, Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Pampa Energia has an average rating of “Hold” and an average price target of $103.83.

Institutional Investors Weigh In On Pampa Energia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd bought a new position in Pampa Energia in the 1st quarter worth approximately $1,569,000. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Pampa Energia in the 4th quarter valued at $3,105,000. Hsbc Holdings PLC increased its stake in shares of Pampa Energia by 77.6% in the 4th quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock valued at $4,058,000 after buying an additional 20,438 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in shares of Pampa Energia during the first quarter worth $14,482,000. Finally, Guardian Partners Inc. acquired a new position in shares of Pampa Energia during the first quarter valued at $620,000. Institutional investors and hedge funds 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.