Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Sells 1,500,000 Shares

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,500,000 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $3.54, for a total value of $5,310,000.00. Following the sale, the director directly owned 20,055,667 shares in the company, valued at $70,997,061.18. This trade represents a 6.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 value of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin purchased 287,916 shares of Pampa Energia stock. The shares were bought at an average price of $3.37 per share, for a total transaction of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin purchased 383,600 shares of Pampa Energia stock. The stock was purchased at an average cost of $3.37 per share, for a total transaction of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin acquired 739,178 shares of Pampa Energia stock. The stock was purchased 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 acquired 275,000 shares of Pampa Energia stock. The stock was purchased at an average price of $3.37 per share, with a total value of $926,750.00.
• On Tuesday, May 19th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The shares were 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 shares were sold at an average price of $3.54, for a total transaction of $5,929,500.00.

Pampa Energia Stock Down 0.0%

PAM opened at $82.42 on Thursday. The firm has a market capitalization of $4.43 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 2.86 and a beta of 0.97. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. The company has a fifty day moving average price of $82.75 and a 200-day moving average price of $83.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The company had revenue of $573.00 million for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. Equities research analysts expect that Pampa Energia S.A. will post 9.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in shares of Pampa Energia by 85.4% in the 1st quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock worth $12,547,000 after acquiring an additional 74,841 shares during the last quarter. Jane Street Group LLC raised its position in Pampa Energia by 44.1% in the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock worth $1,514,000 after purchasing an additional 6,005 shares during the period. Marshall Wace LLP raised its position in Pampa Energia by 21.7% in the 2nd quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock worth $3,965,000 after purchasing an additional 10,195 shares during the period. Federated Hermes Inc. bought a new stake in Pampa Energia in the second quarter worth $578,000. Finally, Qube Research & Technologies Ltd bought a new stake in Pampa Energia in the second quarter worth $379,000. 12.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PAM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a report on Monday, June 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and increased their price target for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Finally, Wall Street Zen cut shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Pampa Energia presently has an average rating of “Moderate Buy” 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.