Damian Miguel Mindlin Sells 555,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Miguel Mindlin sold 555,000 shares of Pampa Energia stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total value of $1,970,250.00. Following the completion of the sale, the insider directly owned 12,541,870 shares in the company, valued at $44,523,638.50. This represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Damian Miguel Mindlin also recently made the following trade(s):

• On Thursday, April 9th, Damian Miguel Mindlin sold 57,500 shares of Pampa Energia stock. The stock was sold at an average price of $3.47, for a total value of $199,525.00.
• On Tuesday, March 31st, Damian Miguel Mindlin sold 500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.57, for a total value of $1,785,000.00.
• On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The stock was sold at an average price of $3.65, for a total value of $1,741.05.
• On Thursday, March 19th, Damian Miguel Mindlin sold 300,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.41, for a total value of $1,023,000.00.
• On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.45, for a total value of $1,480,050.00.

Pampa Energia Trading Down 3.3%

NYSE:PAM traded down $2.82 on Friday, reaching $81.71. The company’s stock had a trading volume of 135,201 shares, compared to its average volume of 240,390. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50. The stock has a 50 day moving average price of $83.57 and a 200 day moving average price of $84.44.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data 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, equities analysts anticipate that Pampa Energia S.A. will post 9.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PAM shares. Zacks Research cut Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 14th. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and upped their price objective for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Finally, JPMorgan Chase & Co. upped their price objective on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Pampa Energia presently has a consensus rating of “Hold” and a consensus price target of $103.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. PointState Capital LP acquired a new stake in shares of Pampa Energia in the 4th quarter valued at about $24,006,000. Fundamenta Capital S.A. acquired a new stake in shares of Pampa Energia in the 4th quarter valued at about $23,496,000. Helikon Investments Ltd boosted its position in shares of Pampa Energia by 41.9% in the 3rd quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock valued at $41,968,000 after purchasing an additional 206,197 shares during the period. Absolute Gestao de Investimentos Ltda. boosted its position in shares of Pampa Energia by 198.1% in the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after purchasing an additional 190,963 shares during the period. Finally, SPX Gestao de Recursos Ltda acquired a new stake in shares of Pampa Energia in the 1st quarter valued at about $14,482,000. 12.77% of the stock is owned by institutional investors and hedge funds.

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.