Marcos Marcelo Mindlin Acquires 500,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Mindlin purchased 500,000 shares of the business’s stock in a transaction on Monday, August 31st. The shares were acquired at an average cost of $3.44 per share, for a total transaction of $1,720,000.00. Following the completion of the transaction, the director directly owned 22,680,592 shares in the company, valued at approximately $78,021,236.48. This represents a 2.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, August 27th, Marcos Mindlin acquired 150,000 shares of Pampa Energia stock. The stock was bought at an average price of $3.38 per share, with a total value of $507,000.00.
• On Wednesday, August 19th, Marcos Mindlin bought 902,975 shares of Pampa Energia stock. The stock was bought at an average cost of $3.34 per share, for a total transaction of $3,015,936.50.
• On Tuesday, August 18th, Marcos Mindlin bought 396,950 shares of Pampa Energia stock. The shares were bought at an average price of $3.35 per share, for a total transaction of $1,329,782.50.
• On Wednesday, July 8th, Marcos Mindlin sold 1,500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.54, for a total value of $5,310,000.00.
• On Wednesday, July 1st, Marcos Mindlin sold 1,502,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.41, for a total value of $5,121,820.00.
• On Friday, June 26th, Marcos 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 Mindlin purchased 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 Mindlin acquired 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.

Pampa Energia Trading Down 2.1%

Shares of Pampa Energia stock opened at $84.60 on Friday. The stock has a market cap of $4.55 billion, a P/E ratio of 8.03, a P/E/G ratio of 0.29 and a beta of 0.93. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50. The business’s 50 day moving average is $82.78 and its 200-day moving average is $82.94.

Pampa Energia (NYSE:PAM) last released its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. The business had revenue of $746.00 million during the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. Equities research analysts predict that Pampa Energia S.A. will post 10.68 earnings per share for the current fiscal year.

Institutional Trading of Pampa Energia

Hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Pampa Energia by 8.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock valued at $41,845,000 after buying an additional 45,653 shares in the last quarter. Absolute Gestao de Investimentos Ltda. boosted its position in shares of Pampa Energia by 198.1% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after acquiring an additional 190,963 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Pampa Energia by 20.5% in the fourth quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider’s stock valued at $24,319,000 after acquiring an additional 46,719 shares during the period. PointState Capital LP acquired a new position in shares of Pampa Energia in the fourth quarter valued at about $24,006,000. Finally, Balyasny Asset Management L.P. increased its position in Pampa Energia by 68.7% during the third quarter. Balyasny Asset Management L.P. now owns 174,078 shares of the utilities provider’s stock worth $10,455,000 after acquiring an additional 70,862 shares during the period. 12.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on PAM. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. lifted their price target on Pampa Energia from $101.50 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday. Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $105.00.

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.