Marcos Marcelo Mindlin Sells 1,675,000 Shares of Pampa Energia (NYSE:PAM) Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,675,000 shares of Pampa Energia stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $3.54, for a total value of $5,929,500.00. Following the sale, the director directly owned 15,221,973 shares in the company, valued at $53,885,784.42. The trade was a 9.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Pampa Energia Price Performance

NYSE PAM traded down $1.93 during trading on Friday, reaching $80.62. 343,512 shares of the company traded hands, compared to its average volume of 233,000. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.75 and a current ratio of 3.11. The stock’s 50 day moving average price is $83.25 and its two-hundred day moving average price is $81.97. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 3.27 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 company had revenue of $507.00 million for the quarter. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%. As a group, analysts anticipate that Pampa Energia S.A. will post 9.33 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Moneda S.A. Administradora General de Fondos acquired a new position in shares of Pampa Energia in the 3rd quarter worth approximately $2,998,000. Brevan Howard Capital Management LP raised its position in Pampa Energia by 161.7% in the 3rd quarter. Brevan Howard Capital Management LP now owns 101,553 shares of the utilities provider’s stock worth $6,099,000 after purchasing an additional 62,750 shares during the last quarter. Helikon Investments Ltd raised its position in Pampa Energia by 41.9% in the 3rd quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock worth $41,968,000 after purchasing an additional 206,197 shares during the last quarter. Insigneo Advisory Services LLC raised its position in Pampa Energia by 70.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 17,401 shares of the utilities provider’s stock worth $1,045,000 after purchasing an additional 7,215 shares during the last quarter. Finally, Ping Capital Management Inc. raised its position in Pampa Energia by 217.6% in the 3rd quarter. Ping Capital Management Inc. now owns 242,000 shares of the utilities provider’s stock worth $14,535,000 after purchasing an additional 165,800 shares during the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PAM has been the topic of a number of recent research reports. Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Zacks Research raised Pampa Energia from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Pampa Energia in a report on Thursday, January 22nd. Finally, HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.