Marcos Marcelo Mindlin Sells 1,800,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,800,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $3.35, for a total transaction of $6,030,000.00. Following the transaction, the director directly owned 23,171,973 shares of the company’s stock, valued at approximately $77,626,109.55. This represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction of $5,265,000.00.
• On Monday, April 20th, Marcos Marcelo Mindlin sold 1,250,000 shares of Pampa Energia stock. The stock was 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 transaction of $5,929,500.00.

Pampa Energia Stock Up 3.9%

PAM stock traded up $3.08 during mid-day trading on Monday, hitting $81.80. 272,071 shares of the company were exchanged, compared to its average volume of 240,155. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. The firm has a fifty day simple moving average of $83.14 and a 200 day simple moving average of $84.02. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $4.45 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 3.13 and a beta of 0.97.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. The firm 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%. On average, research analysts forecast that Pampa Energia S.A. will post 8.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Finally, HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and increased their price objective for the stock from $88.00 to $97.00 in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $105.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PAM. Millennium Management LLC boosted its stake in Pampa Energia by 85.4% during the 1st 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 during the period. Jane Street Group LLC boosted its stake in Pampa Energia by 44.1% during the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock valued at $1,514,000 after purchasing an additional 6,005 shares during the period. Marshall Wace LLP boosted its stake in Pampa Energia by 21.7% during the 2nd quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock valued at $3,965,000 after purchasing an additional 10,195 shares during the period. Federated Hermes Inc. acquired a new position in Pampa Energia during the 2nd quarter valued at about $578,000. Finally, Qube Research & Technologies Ltd acquired a new position in Pampa Energia during the 2nd quarter valued at about $379,000. 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.