Pampa Energia S.A. (NYSE:PAM – Get Free Report) Director Marcos Marcelo Mindlin bought 396,950 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average price of $3.35 per share, for a total transaction of $1,329,782.50. Following the completion of the transaction, the director directly owned 20,452,617 shares in the company, valued at approximately $68,516,266.95. This represents a 1.98% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Marcos Marcelo Mindlin also recently made the following trade(s):
- On Wednesday, August 19th, Marcos Marcelo Mindlin purchased 902,975 shares of Pampa Energia stock. The stock was bought at an average price of $3.34 per share, with a total value of $3,015,936.50.
- 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 stock was bought 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 stock was bought at an average cost of $3.37 per share, with a total value of $1,292,732.00.
- On Wednesday, June 24th, Marcos Marcelo Mindlin bought 739,178 shares of Pampa Energia stock. The stock was bought at an average price of $3.35 per share, with a total value of $2,476,246.30.
- On Wednesday, May 27th, Marcos Marcelo Mindlin bought 275,000 shares of Pampa Energia stock. The shares were bought at an average cost of $3.37 per share, for a total transaction of $926,750.00.
Pampa Energia Stock Performance
NYSE PAM opened at $79.66 on Friday. The business’s 50 day moving average price is $83.15 and its 200-day moving average price is $83.04. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $94.50. The company has a market cap of $4.28 billion, a P/E ratio of 7.57, a P/E/G ratio of 0.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64.
Analyst Ratings Changes
PAM has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. JPMorgan Chase & Co. increased their price objective 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. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Wall Street Zen upgraded Pampa Energia from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pampa Energia has a consensus rating of “Hold” and an average price target of $103.83.
Institutional Trading of Pampa Energia
Institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC grew its holdings in shares of Pampa Energia by 85.4% in the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock worth $12,547,000 after purchasing an additional 74,841 shares during the last quarter. Jane Street Group LLC lifted 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 valued at $1,514,000 after buying an additional 6,005 shares in the last quarter. Marshall Wace LLP lifted 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 valued at $3,965,000 after buying an additional 10,195 shares in the last quarter. Federated Hermes Inc. purchased a new stake in Pampa Energia in the 2nd quarter valued at about $578,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Pampa Energia in the 2nd quarter valued at about $379,000. 12.77% of the stock is currently owned by institutional investors.
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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