Insider Buying: Pampa Energia (NYSE:PAM) Director Acquires $1,329,782.50 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin acquired 396,950 shares of the stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $3.35 per share, with a total value of $1,329,782.50. Following the completion of the purchase, the director directly owned 20,452,617 shares in the company, valued at approximately $68,516,266.95. This trade represents a 1.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

Pampa Energia Stock Performance

NYSE:PAM opened at $79.66 on Friday. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.27 and a beta of 0.97. The company has a current ratio of 3.64, a quick ratio of 3.23 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $83.15 and its 200 day simple moving average is $83.04.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports 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. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $103.83.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA increased 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 during the last quarter. DGS Capital Management LLC lifted its position in shares of Pampa Energia by 16.6% during the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 438 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Pampa Energia during the second quarter worth about $37,000. Titan Global Capital Management USA LLC lifted its position in shares of 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 worth $1,205,000 after purchasing an additional 820 shares during the last quarter. Finally, NFJ Investment Group LLC acquired a new position in Pampa Energia in the fourth quarter worth about $104,000. 12.77% of the stock is currently owned by institutional investors.

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.