Pampa Energia (NYSE:PAM) Director Buys $1,720,000.00 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Mindlin acquired 500,000 shares of Pampa Energia stock in a transaction on Monday, August 31st. The shares were purchased at an average price of $3.44 per share, for a total transaction of $1,720,000.00. Following the completion of the purchase, the director directly owned 22,680,592 shares of the company’s stock, valued at approximately $78,021,236.48. This represents a 2.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, August 27th, Marcos Mindlin acquired 150,000 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.38 per share, for a total transaction of $507,000.00.
• On Wednesday, August 19th, Marcos Mindlin bought 902,975 shares of Pampa Energia stock. The stock was bought at an average price of $3.34 per share, for a total transaction of $3,015,936.50.
• On Tuesday, August 18th, Marcos Mindlin acquired 396,950 shares of Pampa Energia stock. The shares were purchased at an average price of $3.35 per share, for a total transaction of $1,329,782.50.
• On Wednesday, July 8th, Marcos Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.54, for a total value of $5,310,000.00.
• On Wednesday, July 1st, Marcos Mindlin sold 1,502,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.41, for a total transaction of $5,121,820.00.
• On Friday, June 26th, Marcos Mindlin bought 287,916 shares of Pampa Energia stock. The shares were purchased at an average cost of $3.37 per share, with a total value of $970,276.92.
• On Thursday, June 25th, Marcos Mindlin acquired 383,600 shares of Pampa Energia stock. The stock was purchased at an average cost of $3.37 per share, for a total transaction of $1,292,732.00.
• On Wednesday, June 24th, Marcos Mindlin purchased 739,178 shares of Pampa Energia stock. The shares were acquired at an average price of $3.35 per share, with a total value of $2,476,246.30.

Pampa Energia Stock Performance

NYSE PAM opened at $84.74 on Friday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 8.05, a P/E/G ratio of 0.28 and a beta of 0.93. The business has a 50 day simple moving average of $82.86 and a 200 day simple moving average of $82.95. 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 S.A. has a one year low of $54.95 and a one year high of $94.50.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The company had revenue of $746.00 million for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. Research analysts expect that Pampa Energia S.A. will post 10.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on PAM. JPMorgan Chase & Co. boosted their price target on shares of Pampa Energia from $101.50 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Wall Street Zen downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd. Finally, Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $105.00.

Institutional Investors Weigh In On Pampa Energia

Several institutional investors have recently bought and sold shares of PAM. Millennium Management LLC raised its position in Pampa Energia by 85.4% in the 1st 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 boosted its holdings in Pampa Energia by 44.1% during the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock worth $1,514,000 after acquiring an additional 6,005 shares during the last quarter. Marshall Wace LLP boosted its holdings in Pampa Energia by 21.7% during the 2nd quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock worth $3,965,000 after acquiring an additional 10,195 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Pampa Energia in the 2nd quarter worth $578,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Pampa Energia in the 2nd quarter worth $379,000. Institutional investors own 12.77% of the company’s stock.

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.