Marcos Marcelo Mindlin Sells 1,800,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,800,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $3.35, for a total value of $6,030,000.00. Following the transaction, the director directly owned 23,171,973 shares in the company, valued at $77,626,109.55. The trade was a 7.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value 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 value 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 Trading Up 0.5%

PAM opened at $82.31 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $94.50. The firm has a market capitalization of $4.48 billion, a PE ratio of 10.26, a P/E/G ratio of 3.25 and a beta of 0.97. The company’s 50-day moving average is $83.24 and its 200 day moving average is $84.47.

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

Institutional Investors Weigh In On Pampa Energia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PointState Capital LP purchased a new stake in shares of Pampa Energia during the 4th quarter valued at approximately $24,006,000. Fundamenta Capital S.A. bought a new stake in shares of Pampa Energia during the fourth quarter valued at about $23,496,000. Helikon Investments Ltd increased its position in shares of Pampa Energia by 41.9% during the third quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock valued at $41,968,000 after buying an additional 206,197 shares during the period. Ping Capital Management Inc. increased its position in shares of Pampa Energia by 217.6% during the third quarter. Ping Capital Management Inc. now owns 242,000 shares of the utilities provider’s stock valued at $14,535,000 after buying an additional 165,800 shares during the period. Finally, SPX Gestao de Recursos Ltda bought a new stake in shares of Pampa Energia during the first quarter valued at about $14,482,000. 12.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PAM has been the subject of several analyst reports. Wall Street Zen upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and lifted their target price for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Finally, Zacks Research upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Pampa Energia has an average rating of “Buy” and an average price target of $105.00.

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.