Key Points
- Director Marcos Marcelo Mindlin bought 275,000 shares of Pampa Energia at an average price of $3.37, totaling $926,750. After the purchase, he directly owned 21,646,973 shares, a 1.29% increase in his position.
- Mindlin has also been actively selling shares in recent weeks, including multiple transactions in April and May worth millions of dollars each. The article lists five prior sales, including 1.8 million shares sold on May 19 and May 8.
- Pampa Energia reported $4.00 EPS for the latest quarter on $573 million in revenue, and analysts currently view the stock favorably with a consensus Buy rating and an average target price of $105.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin acquired 275,000 shares of Pampa Energia stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of $3.37 per share, with a total value of $926,750.00. Following the completion of the acquisition, the director directly owned 21,646,973 shares in the company, valued at $72,950,299.01. This represents a 1.29% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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 value 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 value 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 value 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 value 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 value of $5,929,500.00.
Pampa Energia Price Performance
NYSE PAM opened at $84.07 on Friday. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. The stock has a 50-day moving average of $83.50 and a 200 day moving average of $84.53. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 3.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04.
Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The company had revenue of $573.00 million during the quarter. On average, sell-side analysts forecast that Pampa Energia S.A. will post 8.62 EPS for the current year.
Hedge Funds Weigh In On Pampa Energia
Several large investors have recently added to or reduced their stakes in PAM. Millennium Management LLC lifted its holdings in Pampa Energia by 85.4% during the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider's stock valued at $12,547,000 after purchasing an additional 74,841 shares in the last quarter. Jane Street Group LLC lifted its holdings in Pampa Energia by 44.1% during the first quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider's stock valued at $1,514,000 after purchasing an additional 6,005 shares in the last quarter. Marshall Wace LLP lifted its holdings in Pampa Energia by 21.7% during the second quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider's stock valued at $3,965,000 after purchasing an additional 10,195 shares in the last quarter. Federated Hermes Inc. purchased a new position in Pampa Energia during the second quarter valued at approximately $578,000. Finally, Qube Research & Technologies Ltd purchased a new position in Pampa Energia during the second quarter valued at approximately $379,000. Hedge funds and other institutional investors own 12.77% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on PAM. Wall Street Zen upgraded Pampa Energia from a "hold" rating to a "strong-buy" rating in a research note on Saturday, March 14th. Zacks Research upgraded Pampa Energia from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 29th. Finally, HSBC upgraded Pampa Energia from a "hold" rating to a "buy" rating and boosted their price target for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Pampa Energia currently has a consensus rating of "Buy" and an average target price of $105.00.
Check Out Our Latest Analysis on Pampa Energia
About Pampa Energia
(
Get Free Report)
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.
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