Pampa Energia (NYSE:PAM) VP Damian Miguel Mindlin Sells 300,000 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) VP Damian Miguel Mindlin sold 300,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $3.41, for a total value of $1,023,000.00. Following the transaction, the vice president owned 14,468,847 shares in the company, valued at $49,338,768.27. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Damian Miguel Mindlin also recently made the following trade(s):

• On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The shares were sold at an average price of $3.65, for a total value of $1,741.05.
• On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.45, for a total value of $1,480,050.00.

Pampa Energia Price Performance

Shares of NYSE:PAM opened at $83.53 on Tuesday. 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 capitalization of $4.54 billion, a PE ratio of 12.05, a PEG ratio of 3.61 and a beta of 1.16. The business’s 50 day moving average is $82.32 and its 200-day moving average is $79.12. The company has a current ratio of 3.11, a quick ratio of 2.75 and a debt-to-equity ratio of 0.51.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Monday, March 2nd. The utilities provider reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $2.35. The business had revenue of $96.00 million for the quarter, compared to analysts’ expectations of $737.30 billion. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%. Sell-side analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

Institutional Trading of Pampa Energia

A number of large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its holdings in shares of Pampa Energia by 77.6% during the fourth quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock valued at $4,058,000 after acquiring an additional 20,438 shares during the period. DGS Capital Management LLC bought a new stake in shares of Pampa Energia in the 4th quarter worth about $234,000. Invesco Ltd. bought a new stake in shares of Pampa Energia in the 4th quarter worth about $9,736,000. Vident Advisory LLC acquired a new stake in shares of Pampa Energia during the 4th quarter worth about $444,000. Finally, PointState Capital LP acquired a new stake in shares of Pampa Energia during the 4th quarter worth about $24,006,000. 12.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PAM has been the subject of a number of recent research reports. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and increased their price objective for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. Zacks Research cut shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 31st. Finally, Wall Street Zen raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $105.00.

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.