Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin sold 1,502,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $3.41, for a total transaction of $5,121,820.00. Following the completion of the transaction, the director directly owned 21,555,667 shares in the company, valued at $73,504,824.47. This trade represents a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Marcos Marcelo Mindlin also recently made the following trade(s):
- 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 transaction of $5,310,000.00.
- On Friday, June 26th, Marcos Marcelo Mindlin acquired 287,916 shares of Pampa Energia stock. The stock was bought at an average price 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 shares were 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 shares were purchased at an average cost of $3.35 per share, for a total transaction of $2,476,246.30.
- On Wednesday, May 27th, Marcos Marcelo Mindlin bought 275,000 shares of Pampa Energia stock. The shares were purchased at an average price of $3.37 per share, for a total transaction 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 value of $6,264,000.00.
- On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The shares were 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 shares were sold at an average price of $3.54, for a total value of $5,929,500.00.
Pampa Energia Price Performance
Shares of NYSE PAM opened at $82.42 on Thursday. The stock has a market cap of $4.43 billion, a P/E ratio of 10.28, a P/E/G ratio of 2.86 and a beta of 0.97. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. The stock has a 50 day moving average of $82.75 and a two-hundred day moving average of $83.49. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49.
Pampa Energia (NYSE:PAM - Get Free Report) last announced its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The business had revenue of $573.00 million for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. On average, research analysts forecast that Pampa Energia S.A. will post 9.89 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have commented on PAM shares. Wall Street Zen lowered shares of Pampa Energia from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 20th. Zacks Research raised Pampa Energia from a "hold" rating to a "strong-buy" rating in a report on Friday, June 26th. JPMorgan Chase & Co. raised their price target on Pampa Energia from $97.50 to $101.50 and gave the stock a "neutral" rating in a report on Monday, June 1st. HSBC raised Pampa Energia from a "hold" rating to a "buy" rating and upped their price objective for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pampa Energia in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.83.
Check Out Our Latest Analysis on Pampa Energia
Institutional Trading of Pampa Energia
Several hedge funds have recently made changes to their positions in PAM. Fundamenta Capital S.A. acquired a new position in shares of Pampa Energia during the fourth quarter worth about $23,496,000. BW Gestao de Investimentos Ltda. acquired a new stake in Pampa Energia in the fourth quarter valued at about $3,105,000. Wealth High Governance Capital Ltda purchased a new stake in Pampa Energia in the 4th quarter valued at approximately $4,861,000. Brevan Howard Capital Management LP increased its position in Pampa Energia by 161.7% during the 3rd quarter. Brevan Howard Capital Management LP now owns 101,553 shares of the utilities provider's stock worth $6,099,000 after purchasing an additional 62,750 shares during the period. Finally, Hsbc Holdings PLC increased its position in Pampa Energia by 77.6% during the 4th quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider's stock worth $4,058,000 after purchasing an additional 20,438 shares during the period. Institutional investors and hedge funds own 12.77% of the company's stock.
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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