Marcos Marcelo Mindlin Buys 902,975 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 902,975 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $3.34 per share, with a total value of $3,015,936.50. Following the transaction, the director owned 21,355,592 shares in the company, valued at approximately $71,327,677.28. This represents a 4.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, August 18th, Marcos Marcelo Mindlin purchased 396,950 shares of Pampa Energia stock. The shares were purchased at an average cost of $3.35 per share, for a total transaction of $1,329,782.50.
• 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 value of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin acquired 287,916 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.37 per share, with a total value of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin acquired 383,600 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.37 per share, with a total value of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin bought 739,178 shares of Pampa Energia stock. The shares were acquired at an average price 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 shares were acquired at an average cost of $3.37 per share, for a total transaction of $926,750.00.

Pampa Energia Trading Up 0.3%

Pampa Energia stock opened at $79.66 on Friday. The firm’s 50-day moving average is $83.15 and its 200-day moving average is $83.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64. Pampa Energia S.A. has a 1 year low of $54.95 and a 1 year high of $94.50. The company has a market cap of $4.28 billion, a P/E ratio of 7.57, a PEG ratio of 0.27 and a beta of 0.97.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 EPS 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%. On average, equities analysts expect that Pampa Energia S.A. will post 10.68 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Pampa Energia by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock worth $41,845,000 after purchasing an additional 45,653 shares in the last quarter. Absolute Gestao de Investimentos Ltda. boosted its stake in Pampa Energia by 198.1% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after purchasing an additional 190,963 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Pampa Energia by 20.5% during the 4th quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider’s stock valued at $24,319,000 after purchasing an additional 46,719 shares during the period. PointState Capital LP acquired a new position in shares of Pampa Energia during the 4th quarter valued at $24,006,000. Finally, Balyasny Asset Management L.P. increased its position in shares of Pampa Energia by 68.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 174,078 shares of the utilities provider’s stock valued at $10,455,000 after purchasing an additional 70,862 shares during the period. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analysts Set New Price Targets

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