Marcos Marcelo Mindlin Acquires 287,916 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin purchased 287,916 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average price of $3.37 per share, for a total transaction of $970,276.92. Following the completion of the purchase, the director directly owned 23,057,667 shares in the company, valued at $77,704,337.79. This represents a 1.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, June 25th, Marcos Marcelo Mindlin acquired 383,600 shares of Pampa Energia stock. The stock was acquired 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 acquired 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 acquired 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 stock was 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 stock was sold at an average price of $3.35, for a total value 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 value 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 shares were 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 $1.23 during midday trading on Monday, reaching $82.01. 156,628 shares of the company traded hands, compared to its average volume of 236,270. The firm’s fifty day moving average price is $82.80 and its two-hundred day moving average price is $83.90. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50.

Pampa Energia (NYSE:PAM) last issued its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. The business 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%. On average, equities analysts expect that Pampa Energia S.A. will post 9.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research report on Monday, June 1st. Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their price target for the company from $88.00 to $97.00 in a report on Thursday, March 12th. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. Finally, Wall Street Zen cut shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $103.83.

Institutional Trading of Pampa Energia

A number of large investors have recently modified their holdings of the business. Millennium Management LLC raised its stake in Pampa Energia by 85.4% in the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after purchasing an additional 74,841 shares in the last quarter. Jane Street Group LLC grew its stake in Pampa Energia by 44.1% in the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock worth $1,514,000 after buying an additional 6,005 shares in the last quarter. Marshall Wace LLP grew its stake in Pampa Energia by 21.7% in the 2nd quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock worth $3,965,000 after buying an additional 10,195 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of Pampa Energia in the 2nd quarter worth $578,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Pampa Energia in the 2nd quarter worth $379,000. Institutional investors own 12.77% of the company’s stock.

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.