Guardian Partners Inc. Makes New $620,000 Investment in Pampa Energia S.A. $PAM

Guardian Partners Inc. purchased a new position in shares of Pampa Energia S.A. (NYSE:PAM) in the 1st quarter, Holdings Channel reports. The firm purchased 7,000 shares of the utilities provider’s stock, valued at approximately $620,000.

Other large investors also recently modified their holdings of the company. Millennium Management LLC boosted its holdings in shares of Pampa Energia by 85.4% during the 1st quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after acquiring an additional 74,841 shares in the last quarter. Jane Street Group LLC increased its holdings in Pampa Energia by 44.1% in the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock worth $1,514,000 after purchasing an additional 6,005 shares in the last quarter. Marshall Wace LLP increased its holdings in Pampa Energia by 21.7% in the 2nd quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock worth $3,965,000 after purchasing an additional 10,195 shares in the last quarter. Federated Hermes Inc. bought a new position in Pampa Energia in the second quarter valued at about $578,000. Finally, Qube Research & Technologies Ltd bought a new position in Pampa Energia in the second quarter valued at about $379,000. 12.77% of the stock is currently owned by institutional investors.

Pampa Energia Stock Performance

NYSE PAM opened at $85.20 on Wednesday. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 2.90 and a beta of 0.97. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. The stock has a fifty day simple moving average of $83.68 and a 200 day simple moving average of $83.19.

Pampa Energia (NYSE:PAM) last announced its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The firm had revenue of $573.00 million for the quarter. Sell-side analysts expect that Pampa Energia S.A. will post 10.13 EPS for the current year.

Insider Transactions at Pampa Energia

In related news, insider Damian Miguel Mindlin sold 555,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total value of $1,970,250.00. Following the sale, the insider directly owned 12,541,870 shares in the company, valued at $44,523,638.50. This represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the sale, the director directly owned 24,971,973 shares of the company’s stock, valued at $86,902,466.04. This represents a 6.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders purchased 1,710,694 shares of company stock worth $7,701,005 and sold 7,157,000 shares worth $24,696,070. 55.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PAM shares. Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.83.

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.