Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Purchases 396,950 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin acquired 396,950 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was acquired at an average price of $3.35 per share, with a total value of $1,329,782.50. Following the acquisition, the director owned 20,452,617 shares in the company, valued at approximately $68,516,266.95. This trade represents a 1.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, August 19th, Marcos Marcelo Mindlin acquired 902,975 shares of Pampa Energia stock. The stock was acquired at an average price of $3.34 per share, for a total transaction of $3,015,936.50.
• 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 Wednesday, July 1st, Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.41, for a total transaction of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin bought 287,916 shares of Pampa Energia stock. The stock was bought at an average cost of $3.37 per share, with a total value of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin bought 383,600 shares of Pampa Energia stock. The shares were bought at an average cost of $3.37 per share, for a total transaction of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin purchased 739,178 shares of Pampa Energia stock. The shares were bought at an average price of $3.35 per share, for a total transaction of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin purchased 275,000 shares of Pampa Energia stock. The shares were bought at an average price of $3.37 per share, for a total transaction of $926,750.00.

Pampa Energia Trading Down 0.1%

PAM stock traded down $0.06 during trading on Thursday, reaching $79.18. The company had a trading volume of 162,023 shares, compared to its average volume of 219,022. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.64 and a quick ratio of 3.23. Pampa Energia S.A. has a 52 week low of $54.95 and a 52 week high of $94.50. The business has a 50 day moving average of $83.52 and a 200 day moving average of $83.11. The company has a market cap of $4.26 billion, a P/E ratio of 7.52, a PEG ratio of 0.27 and a beta of 0.97.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%.The business had revenue of $746.00 million for the quarter. As a group, sell-side analysts forecast that Pampa Energia S.A. will post 10.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pampa Energia

Large investors have recently made changes to their positions in the business. Pictet Asset Management Holding SA boosted its position in shares of 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 worth $1,463,000 after purchasing an additional 316 shares in the last quarter. DGS Capital Management LLC increased its position in Pampa Energia by 16.6% during the 1st quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock valued at $273,000 after buying an additional 438 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Pampa Energia during the second quarter valued at $37,000. Titan Global Capital Management USA LLC raised its stake in Pampa Energia by 6.4% during the first quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock valued at $1,205,000 after buying an additional 820 shares during the last quarter. Finally, NFJ Investment Group LLC bought a new stake in Pampa Energia in the fourth quarter worth $104,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAM has been the topic of several research reports. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. JPMorgan Chase & Co. raised their price objective on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research report on Monday, June 1st. Finally, Wall Street Zen upgraded shares of Pampa Energia from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.