Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Sells 1,500,000 Shares

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,500,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $3.51, for a total transaction of $5,265,000.00. Following the transaction, the director directly owned 24,971,973 shares of the company’s stock, valued at $87,651,625.23. The trade was a 5.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 shares were sold at an average price of $3.54, for a total transaction of $5,929,500.00.

Pampa Energia Stock Up 0.3%

Pampa Energia stock opened at $82.94 on Friday. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $94.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.75 and a current ratio of 3.11. The firm has a 50 day moving average price of $83.07 and a 200 day moving average price of $82.74. The company has a market capitalization of $4.51 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 3.29 and a beta of 1.06.

Pampa Energia (NYSE:PAM) last posted its earnings results on Sunday, February 15th. The utilities provider reported $2.50 earnings per share for the quarter. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. The firm had revenue of $507.00 million during the quarter. Research analysts expect that Pampa Energia S.A. will post 8.6 earnings per share for the current year.

Hedge Funds Weigh In On Pampa Energia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA boosted its position in Pampa Energia by 1.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock valued at $1,463,000 after buying an additional 316 shares during the period. Raymond James Financial Inc. purchased a new position in Pampa Energia in the 2nd quarter valued at approximately $37,000. NFJ Investment Group LLC purchased a new position in Pampa Energia in the 4th quarter valued at approximately $104,000. BNP Paribas Financial Markets boosted its position in Pampa Energia by 10.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,672 shares of the utilities provider’s stock valued at $821,000 after buying an additional 1,290 shares during the period. Finally, Diversify Advisory Services LLC raised its holdings in shares of Pampa Energia by 23.3% in the 2nd quarter. Diversify Advisory Services LLC now owns 7,172 shares of the utilities provider’s stock valued at $546,000 after purchasing an additional 1,353 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PAM. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pampa Energia in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and lifted their target price for the company from $88.00 to $97.00 in a report on Thursday, March 12th. Finally, Zacks Research raised shares of Pampa Energia from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Pampa Energia currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

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.