Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Acquires 275,000 Shares

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 275,000 shares of Pampa Energia stock in a transaction dated Wednesday, May 27th. The shares were bought at an average cost of $3.37 per share, with a total value of $926,750.00. Following the completion of the transaction, the director directly owned 21,646,973 shares in the company, valued at approximately $72,950,299.01. This trade represents a 1.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, May 19th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.48, for a total transaction of $6,264,000.00.
• On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.35, for a total transaction of $6,030,000.00.
• 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 Performance

PAM traded down $0.03 on Thursday, hitting $83.58. The company’s stock had a trading volume of 191,602 shares, compared to its average volume of 238,721. The company’s 50 day simple moving average is $83.50 and its 200-day simple moving average is $84.54. The firm has a market cap of $4.55 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 3.22 and a beta of 0.97. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The company had revenue of $573.00 million during the quarter. Analysts forecast that Pampa Energia S.A. will post 8.62 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $97.00 in a research note on Thursday, March 12th. 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. Finally, Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $105.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Guardian Partners Inc. bought a new position in Pampa Energia in the first quarter valued at $620,000. ABS Direct Equity Fund LLC increased its stake in Pampa Energia by 183.3% in the first quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock valued at $6,359,000 after acquiring an additional 47,856 shares during the last quarter. Absolute Gestao de Investimentos Ltda. increased its stake in 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 last quarter. Modern Wealth Management LLC bought a new position in Pampa Energia in the first quarter valued at $371,000. Finally, Titan Global Capital Management USA LLC increased its stake in Pampa Energia by 6.4% in 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 acquiring an additional 820 shares during the last quarter. Institutional investors own 12.77% of the company’s stock.

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.