Key Points
- Director Marcos Marcelo Mindlin bought 500,000 Pampa Energia shares at an average price of $3.44, investing $1.72 million and increasing his direct holdings by 2.25% to 22.68 million shares.
- Mindlin has made several additional purchases in recent months, including more than 1.4 million shares in August, although he also sold roughly 3 million shares in July.
- Pampa Energia shares opened at $86.31, up 2.6%, while analysts maintain a consensus “Hold” rating with a $105 price target; the company reported $2.50 quarterly EPS and $746 million in revenue.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin acquired 500,000 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average price of $3.44 per share, with a total value of $1,720,000.00. Following the completion of the transaction, the director directly owned 22,680,592 shares of the company's stock, valued at $78,021,236.48. This trade represents a 2.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Marcos Marcelo Mindlin also recently made the following trade(s):
- On Thursday, August 27th, Marcos Marcelo Mindlin bought 150,000 shares of Pampa Energia stock. The stock was acquired at an average price of $3.38 per share, for a total transaction of $507,000.00.
- On Wednesday, August 19th, Marcos Marcelo Mindlin purchased 902,975 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.34 per share, for a total transaction of $3,015,936.50.
- On Tuesday, August 18th, Marcos Marcelo Mindlin purchased 396,950 shares of Pampa Energia stock. The shares were acquired at an average price of $3.35 per share, with a total value of $1,329,782.50.
- On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The stock was 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 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 acquired 383,600 shares of Pampa Energia stock. The stock was bought at an average price of $3.37 per share, for a total transaction of $1,292,732.00.
- On Wednesday, June 24th, Marcos Marcelo Mindlin bought 739,178 shares of Pampa Energia stock. The stock was bought at an average cost of $3.35 per share, for a total transaction of $2,476,246.30.
Pampa Energia Trading Up 2.6%
Shares of PAM stock opened at $86.31 on Thursday. Pampa Energia S.A. has a 1-year low of $54.95 and a 1-year high of $94.50. The firm has a market cap of $4.64 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 0.28 and a beta of 0.93. The company has a 50-day moving average of $82.69 and a two-hundred day moving average of $82.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.64 and a quick ratio of 3.23.
Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The business had revenue of $746.00 million for the quarter. On average, analysts predict that Pampa Energia S.A. will post 10.68 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new stake in Pampa Energia during the 1st quarter worth approximately $1,569,000. BW Gestao de Investimentos Ltda. purchased a new position in Pampa Energia in the 4th quarter valued at approximately $3,105,000. Hsbc Holdings PLC grew its stake in shares of Pampa Energia by 77.6% in the fourth quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider's stock worth $4,058,000 after acquiring an additional 20,438 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Pampa Energia in the first quarter worth $14,482,000. Finally, Guardian Partners Inc. purchased a new stake in shares of Pampa Energia during the first quarter worth $620,000. Institutional investors and hedge funds own 12.77% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on PAM shares. Wall Street Zen lowered Pampa Energia from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 23rd. JPMorgan Chase & Co. raised their price target on Pampa Energia from $101.50 to $105.00 and gave the stock a "neutral" rating in a research report on Tuesday. Zacks Research cut Pampa Energia from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Pampa Energia in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Pampa Energia has a consensus rating of "Hold" and a consensus target price of $105.00.
Get Our Latest Research Report on PAM
Pampa Energia Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
