Pampa Energia S.A. (NYSE:PAM – Get Free Report) Director Marcos Marcelo Mindlin purchased 500,000 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average cost 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 in the company, valued at $78,021,236.48. This represents a 2.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Marcos Marcelo Mindlin also recently made the following trade(s):
- On Thursday, August 27th, Marcos Marcelo Mindlin acquired 150,000 shares of Pampa Energia stock. The shares were purchased at an average price of $3.38 per share, with a total value of $507,000.00.
- On Wednesday, August 19th, Marcos Marcelo Mindlin bought 902,975 shares of Pampa Energia stock. The shares were purchased at an average cost of $3.34 per share, with a total value of $3,015,936.50.
- On Tuesday, August 18th, Marcos Marcelo Mindlin bought 396,950 shares of Pampa Energia stock. The shares were purchased at an average cost of $3.35 per share, with a total value of $1,329,782.50.
- On Wednesday, July 8th, Marcos Marcelo 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 Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.41, for a total value of $5,121,820.00.
- On Friday, June 26th, Marcos Marcelo Mindlin purchased 287,916 shares of Pampa Energia stock. The stock was purchased at an average cost of $3.37 per share, for a total transaction of $970,276.92.
- On Thursday, June 25th, Marcos Marcelo Mindlin purchased 383,600 shares of Pampa Energia stock. The shares were purchased at an average price of $3.37 per share, with a total value of $1,292,732.00.
- On Wednesday, June 24th, Marcos Marcelo Mindlin acquired 739,178 shares of Pampa Energia stock. The stock was purchased at an average cost of $3.35 per share, with a total value of $2,476,246.30.
Pampa Energia Trading Up 2.6%
Shares of PAM stock opened at $86.31 on Thursday. The stock’s fifty day moving average is $82.69 and its two-hundred day moving average is $82.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64. The firm has a market capitalization of $4.64 billion, a P/E ratio of 8.20, a PEG ratio of 0.28 and a beta of 0.93. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $94.50.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Pampa Energia in the second quarter valued at about $37,000. NFJ Investment Group LLC acquired a new stake in Pampa Energia during the fourth quarter worth about $104,000. Van ECK Associates Corp purchased a new position in Pampa Energia during the third quarter worth about $139,000. Arete Wealth Advisors LLC purchased a new position in Pampa Energia during the fourth quarter worth about $212,000. Finally, DGS Capital Management LLC acquired a new position in Pampa Energia in the 4th quarter valued at about $234,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently issued reports on PAM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their target price on Pampa Energia from $101.50 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Pampa Energia presently has a consensus rating of “Hold” and a consensus price target of $105.00.
Get Our Latest Stock Report on PAM
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.
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