Pampa Energia (NYSE:PAM) VP Damian Miguel Mindlin Sells 500,000 Shares

Pampa Energia S.A. (NYSE:PAM) VP Damian Miguel Mindlin sold 500,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $3.57, for a total value of $1,785,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $3.65, for a total value of $1,741.05.
• On Thursday, March 19th, Damian Miguel Mindlin sold 300,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.41, for a total value of $1,023,000.00.
• 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 value of $1,480,050.00.

Pampa Energia Price Performance

PAM stock traded up $1.41 during trading on Thursday, hitting $88.59. The stock had a trading volume of 134,677 shares, compared to its average volume of 232,062. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 3.52 and a beta of 1.06. 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 company’s 50 day moving average price is $83.06 and its two-hundred day moving average price is $80.20. Pampa Energia S.A. has a 1-year low of $54.95 and a 1-year high of $94.50.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Sunday, February 15th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The company had revenue of $507.00 million for the quarter. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. On average, sell-side analysts forecast that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on PAM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Zacks Research upgraded Pampa Energia from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.00.

Hedge Funds Weigh In On Pampa Energia

A number of large investors have recently bought and sold shares of the stock. Pictet Asset Management Holding SA increased its holdings 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 purchasing an additional 316 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Pampa Energia in the second quarter worth about $37,000. NFJ Investment Group LLC purchased a new stake in shares of Pampa Energia in the fourth quarter worth about $104,000. BNP Paribas Financial Markets grew its stake in shares of Pampa Energia by 10.4% in the third 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 in the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in shares of Pampa Energia by 23.3% during the 2nd quarter. Diversify Advisory Services LLC now owns 7,172 shares of the utilities provider’s stock valued at $546,000 after buying an additional 1,353 shares during the period. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.