Insider Selling: Pampa Energia (NYSE:PAM) VP Sells 300,000 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) VP Damian Miguel Mindlin sold 300,000 shares of Pampa Energia stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $3.41, for a total value of $1,023,000.00. Following the sale, the vice president owned 14,468,847 shares of the company’s stock, valued at approximately $49,338,768.27. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction of $1,741.05.
• On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.45, for a total transaction of $1,480,050.00.

Pampa Energia Trading Down 0.1%

PAM stock traded down $0.10 during trading on Monday, hitting $84.01. The company had a trading volume of 111,718 shares, compared to its average volume of 224,944. Pampa Energia S.A. has a 52-week low of $54.95 and a 52-week high of $94.50. The company has a 50 day simple moving average of $82.30 and a 200-day simple moving average of $79.00. The firm has a market capitalization of $4.57 billion, a P/E ratio of 12.12, a PEG ratio of 3.61 and a beta of 1.16. The company has a quick ratio of 2.75, a current ratio of 3.11 and a debt-to-equity ratio of 0.51.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Monday, March 2nd. The utilities provider reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $2.35. The company had revenue of $96.00 million during the quarter, compared to analysts’ expectations of $737.30 billion. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. As a group, research analysts forecast that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PAM shares. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and boosted their price target for the company from $88.00 to $97.00 in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. Zacks Research cut Pampa Energia from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 31st. Finally, Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $105.00.

Institutional Investors Weigh In On Pampa Energia

Several hedge funds have recently modified their holdings of PAM. Millennium Management LLC lifted its position in shares of Pampa Energia by 85.4% in the 1st quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock worth $12,547,000 after purchasing an additional 74,841 shares during the period. Jane Street Group LLC increased its holdings in Pampa Energia by 44.1% during the first quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock valued at $1,514,000 after buying an additional 6,005 shares during the period. Personal CFO Solutions LLC raised its stake in Pampa Energia by 6.8% in the second quarter. Personal CFO Solutions LLC now owns 4,335 shares of the utilities provider’s stock worth $301,000 after buying an additional 276 shares in the last quarter. Insigneo Advisory Services LLC raised its stake in Pampa Energia by 15.0% in the second quarter. Insigneo Advisory Services LLC now owns 10,186 shares of the utilities provider’s stock worth $707,000 after buying an additional 1,331 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Pampa Energia by 21.7% during the second 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 during the period. Hedge funds and other 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.