Marcos Marcelo Mindlin Sells 1,250,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,250,000 shares of Pampa Energia stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $3.43, for a total value of $4,287,500.00. Following the completion of the sale, the director owned 13,971,973 shares of the company’s stock, valued at $47,923,867.39. The trade was a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Marcos Marcelo Mindlin also recently made the following trade(s):

• 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 Stock Performance

PAM stock opened at $82.60 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.11 and a quick ratio of 2.75. The business has a 50-day moving average price of $83.05 and a 200 day moving average price of $82.74. The company has a market capitalization of $4.49 billion, a P/E ratio of 11.92, a PEG ratio of 3.30 and a beta of 1.06. Pampa Energia S.A. has a 1-year low of $54.95 and a 1-year high of $94.50.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Sunday, February 15th. The utilities provider reported $2.50 earnings per share for the quarter. The firm had revenue of $507.00 million during the quarter. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%. As a group, equities research analysts forecast that Pampa Energia S.A. will post 8.6 EPS for the current fiscal year.

Institutional Trading of Pampa Energia

Several hedge funds have recently modified their holdings of PAM. Millennium Management LLC lifted its position in shares of 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 buying an additional 74,841 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of 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 acquiring an additional 6,005 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of 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 acquiring an additional 10,195 shares in the last quarter. Federated Hermes Inc. acquired a new position in shares of Pampa Energia during the second quarter valued at about $578,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Pampa Energia during the second quarter valued at about $379,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PAM has been the subject of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a report on Thursday, January 22nd. Zacks Research upgraded shares of Pampa Energia from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. 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. Finally, HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and increased their price target for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Pampa Energia presently has a consensus rating of “Moderate Buy” and a consensus 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.