Marcos Marcelo Mindlin Sells 1,502,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $3.41, for a total value of $5,121,820.00. Following the completion of the sale, the director directly owned 21,555,667 shares in the company, valued at approximately $73,504,824.47. This represents a 6.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 Friday, June 26th, Marcos Marcelo Mindlin purchased 287,916 shares of Pampa Energia stock. The stock was bought at an average price of $3.37 per share, with a total value of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin acquired 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, June 24th, Marcos Marcelo Mindlin acquired 739,178 shares of Pampa Energia stock. The stock was bought at an average cost of $3.35 per share, with a total value of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin bought 275,000 shares of Pampa Energia stock. The stock was 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 stock was 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 transaction 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

NYSE:PAM traded up $0.17 on Wednesday, hitting $82.60. The company’s stock had a trading volume of 63,850 shares, compared to its average volume of 233,242. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. The firm has a market capitalization of $4.44 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 2.85 and a beta of 0.97. The stock has a fifty day moving average of $82.71 and a two-hundred day moving average of $83.53. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. The business had revenue of $573.00 million for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. Research analysts predict that Pampa Energia S.A. will post 9.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Pampa Energia during the second quarter worth $37,000. NFJ Investment Group LLC purchased a new position in shares of Pampa Energia in the fourth quarter valued at $104,000. Van ECK Associates Corp bought a new stake in shares of Pampa Energia during the 3rd quarter valued at $139,000. Arete Wealth Advisors LLC purchased a new stake in Pampa Energia during the 4th quarter worth about $212,000. Finally, DGS Capital Management LLC purchased a new stake in Pampa Energia during the 4th quarter worth about $234,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PAM shares. Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. 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 research report on Thursday, March 12th. Zacks Research raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.83.

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.