Damian Miguel Mindlin Sells 429,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) VP Damian Miguel Mindlin sold 429,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $3.45, for a total value of $1,480,050.00. Following the completion of the transaction, the vice president owned 14,768,847 shares of the company’s stock, valued at $50,952,522.15. The trade was a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pampa Energia Trading Down 2.8%

Shares of PAM opened at $84.22 on Friday. The firm has a market cap of $4.58 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 3.61 and a beta of 1.16. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.11 and a quick ratio of 2.75. Pampa Energia S.A. has a 1 year low of $54.95 and a 1 year high of $94.50. The company has a 50 day simple moving average of $82.30 and a two-hundred day simple moving average of $78.91.

Pampa Energia (NYSE:PAM) last released its earnings results on Monday, March 2nd. The utilities provider reported $3.00 EPS for the quarter, topping the consensus estimate of $0.65 by $2.35. The firm had revenue of $96.00 million for the quarter, compared to the consensus estimate of $737.30 billion. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. On average, equities analysts expect that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pampa Energia

Institutional investors and hedge funds have recently made changes to their positions in the business. Personal CFO Solutions LLC raised its position in shares of Pampa Energia by 6.8% during the 2nd quarter. Personal CFO Solutions LLC now owns 4,335 shares of the utilities provider’s stock valued at $301,000 after buying an additional 276 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Pampa Energia by 1.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock worth $1,463,000 after acquiring an additional 316 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Pampa Energia during the second quarter worth approximately $37,000. NFJ Investment Group LLC bought a new stake in Pampa Energia during the fourth quarter worth approximately $104,000. Finally, BNP Paribas Financial Markets raised its position in Pampa Energia by 10.4% during the third quarter. BNP Paribas Financial Markets now owns 13,672 shares of the utilities provider’s stock valued at $821,000 after purchasing an additional 1,290 shares during the period. 12.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Pampa Energia in a report on Thursday, January 22nd. Zacks Research cut Pampa Energia from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 31st. HSBC raised 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 note on Thursday, March 12th. Finally, Wall Street Zen upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” 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.