Pampa Energia S.A. (NYSE:PAM – Get Free Report) Director Marcos Marcelo Mindlin bought 902,975 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were bought at an average price of $3.34 per share, with a total value of $3,015,936.50. Following the completion of the transaction, the director owned 21,355,592 shares in the company, valued at approximately $71,327,677.28. This trade represents a 4.41% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Marcos Marcelo Mindlin also recently made the following trade(s):
- On Tuesday, August 18th, Marcos Marcelo Mindlin purchased 396,950 shares of Pampa Energia stock. The stock was bought at an average price of $3.35 per share, for a total transaction of $1,329,782.50.
- On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The stock was 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 shares were sold at an average price of $3.41, for a total value of $5,121,820.00.
- On Friday, June 26th, Marcos Marcelo Mindlin acquired 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 Marcelo Mindlin acquired 383,600 shares of Pampa Energia stock. The shares were purchased at an average price of $3.37 per share, for a total transaction of $1,292,732.00.
- On Wednesday, June 24th, Marcos Marcelo Mindlin acquired 739,178 shares of Pampa Energia stock. The shares were purchased at an average price of $3.35 per share, for a total transaction of $2,476,246.30.
- On Wednesday, May 27th, Marcos Marcelo Mindlin bought 275,000 shares of Pampa Energia stock. The stock was purchased at an average cost of $3.37 per share, for a total transaction of $926,750.00.
Pampa Energia Price Performance
Shares of NYSE:PAM traded down $0.06 during midday trading on Thursday, hitting $79.18. The stock had a trading volume of 162,023 shares, compared to its average volume of 219,022. The company’s 50-day moving average price is $83.52 and its 200-day moving average price is $83.11. The company has a market capitalization of $4.26 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 0.27 and a beta of 0.97. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $94.50.
Analysts Set New Price Targets
Several research firms have weighed in on PAM. JPMorgan Chase & Co. upped their target price on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Wall Street Zen upgraded Pampa Energia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Zacks Research cut Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $103.83.
View Our Latest Stock Analysis on PAM
Institutional Investors Weigh In On Pampa Energia
Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew 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 purchasing an additional 74,841 shares during the last quarter. Jane Street Group LLC lifted its stake 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 valued at $1,514,000 after purchasing an additional 6,005 shares during the last quarter. Marshall Wace LLP lifted its stake in Pampa Energia by 21.7% in the 2nd quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock valued at $3,965,000 after purchasing an additional 10,195 shares during the last quarter. Federated Hermes Inc. acquired a new stake in Pampa Energia in the second quarter valued at approximately $578,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Pampa Energia in the second quarter valued at approximately $379,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.
About Pampa Energia
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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