Pampa Energia (NYSE:PAM) VP Damian Miguel Mindlin Sells 429,000 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) VP Damian Miguel Mindlin sold 429,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $3.45, for a total value of $1,480,050.00. Following the transaction, the vice president owned 14,768,847 shares in the company, valued at $50,952,522.15. This represents a 2.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Pampa Energia Stock Performance

Shares of PAM opened at $84.22 on Friday. The company has a current ratio of 3.11, a quick ratio of 2.75 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.58 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 3.71 and a beta of 1.16. The company’s 50 day simple moving average is $82.30 and its 200-day simple moving average is $78.82. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Monday, March 2nd. The utilities provider reported $3.00 EPS for the quarter, beating the consensus estimate of $0.65 by $2.35. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. The firm had revenue of $96.00 million during the quarter, compared to the consensus estimate of $737.30 billion. As a group, equities analysts predict that Pampa Energia S.A. will post 9.33 EPS for the current year.

Institutional Trading of Pampa Energia

Several hedge funds and other institutional investors have recently bought and sold shares of PAM. Banco BTG Pactual S.A. lifted its position in shares of Pampa Energia by 467.2% during the second quarter. Banco BTG Pactual S.A. now owns 93,583 shares of the utilities provider’s stock worth $6,493,000 after purchasing an additional 77,083 shares during the last quarter. Moneda S.A. Administradora General de Fondos acquired a new stake in Pampa Energia during the third quarter valued at approximately $2,998,000. Ping Capital Management Inc. raised its stake in Pampa Energia by 217.6% during the third quarter. Ping Capital Management Inc. now owns 242,000 shares of the utilities provider’s stock valued at $14,535,000 after buying an additional 165,800 shares in the last quarter. Brevan Howard Capital Management LP grew its position in shares of Pampa Energia by 161.7% in the 3rd quarter. Brevan Howard Capital Management LP now owns 101,553 shares of the utilities provider’s stock worth $6,099,000 after acquiring an additional 62,750 shares in the last quarter. Finally, Insigneo Advisory Services LLC grew its position in shares of Pampa Energia by 70.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 17,401 shares of the utilities provider’s stock worth $1,045,000 after acquiring an additional 7,215 shares in the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and boosted their target price for the company from $88.00 to $97.00 in a report on Thursday, March 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, Zacks Research lowered Pampa Energia from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 31st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.00.

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.