Marcos Marcelo Mindlin Buys 739,178 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 739,178 shares of Pampa Energia stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average price of $3.35 per share, with a total value of $2,476,246.30. Following the completion of the acquisition, the director owned 22,386,151 shares in the company, valued at approximately $74,993,605.85. The trade was a 3.41% increase in their position. The acquisition 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 Thursday, June 25th, Marcos Marcelo Mindlin purchased 383,600 shares of Pampa Energia stock. The shares were bought at an average price of $3.37 per share, for a total transaction of $1,292,732.00.
• On Wednesday, May 27th, Marcos Marcelo Mindlin acquired 275,000 shares of Pampa Energia stock. The shares were purchased at an average cost 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 transaction of $6,264,000.00.
• On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The stock was 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 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 value of $5,929,500.00.

Pampa Energia Stock Performance

Shares of NYSE PAM traded up $0.57 during trading hours on Friday, hitting $80.50. 131,561 shares of the company’s stock were exchanged, compared to its average volume of 236,903. Pampa Energia S.A. has a 1-year low of $54.95 and a 1-year high of $94.50. 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 stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 2.82 and a beta of 0.95. The company’s 50-day moving average price is $82.83 and its 200-day moving average price is $83.97.

Pampa Energia (NYSE:PAM) last released its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The firm had revenue of $573.00 million for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. On average, sell-side analysts expect that Pampa Energia S.A. will post 9.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pampa Energia

Hedge funds have recently made changes to their positions in the business. PointState Capital LP acquired a new stake in shares of Pampa Energia during the 4th quarter valued at about $24,006,000. Fundamenta Capital S.A. bought a new stake in Pampa Energia in the fourth quarter valued at $23,496,000. Absolute Gestao de Investimentos Ltda. raised its stake in Pampa Energia by 198.1% during the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock worth $25,433,000 after acquiring an additional 190,963 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Pampa Energia during the first quarter valued at $14,482,000. Finally, Seldon Capital LP acquired a new stake in shares of Pampa Energia in the 4th quarter valued at $12,582,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

PAM has been the topic of several research analyst reports. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $97.00 in a research note on Thursday, March 12th. JPMorgan Chase & Co. increased their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research report 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. Finally, Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Pampa Energia has a consensus rating of “Hold” and a consensus target price of $103.83.

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.