Pampa Energia S.A. $PAM Stock Holdings Lessened by Ping Capital Management Inc.

Key Points

• Ping Capital Management trimmed its stake in Pampa Energía by 11.9% in Q4, selling 28,900 shares and ending the quarter with 213,100 shares (about 5.4% of its portfolio) worth roughly $18.86 million.
• Insiders still control 55.52% of the company, but have sold 5,711,977 shares valued at about $19.97 million over the past 90 days, including sizable disposals by the VP and a director.
• Pampa Energía has a market cap of $4.32 billion, reported $2.50 EPS and an 18.87% net margin for the quarter, and carries an average analyst rating of Buy with a $105 consensus target after recent upgrades.

Ping Capital Management Inc. lessened its stake in Pampa Energia S.A. (NYSE:PAM - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 213,100 shares of the utilities provider's stock after selling 28,900 shares during the quarter. Pampa Energia makes up about 5.4% of Ping Capital Management Inc.'s portfolio, making the stock its 4th biggest holding. Ping Capital Management Inc.'s holdings in Pampa Energia were worth $18,861,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Pampa Energia in the second quarter valued at about $37,000. Van ECK Associates Corp purchased a new stake in shares of Pampa Energia during the third quarter worth about $139,000. Quantbot Technologies LP acquired a new position in shares of Pampa Energia during the 3rd quarter worth about $187,000. PFG Investments LLC acquired a new position in shares of Pampa Energia during the 4th quarter worth about $283,000. Finally, Deltec Asset Management LLC lifted its stake in Pampa Energia by 66.7% in the 3rd quarter. Deltec Asset Management LLC now owns 5,000 shares of the utilities provider's stock valued at $300,000 after buying an additional 2,000 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Pampa Energia Stock Performance

PAM opened at $79.45 on Friday. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. The firm has a market capitalization of $4.32 billion, a PE ratio of 11.46, a PEG ratio of 3.30 and a beta of 0.97. The company has a current ratio of 3.11, a quick ratio of 2.75 and a debt-to-equity ratio of 0.51. The firm's 50-day moving average price is $83.14 and its 200 day moving average price is $83.43.

Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings data on Sunday, February 15th. The utilities provider reported $2.50 EPS for the quarter. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. The company had revenue of $507.00 million during the quarter. As a group, sell-side analysts expect that Pampa Energia S.A. will post 8.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Damian Miguel Mindlin sold 57,500 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $3.47, for a total value of $199,525.00. Following the completion of the sale, the vice president owned 13,910,870 shares of the company's stock, valued at approximately $48,270,718.90. This trade represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $3.51, for a total value of $5,265,000.00. Following the transaction, the director owned 24,971,973 shares in the company, valued at approximately $87,651,625.23. The trade was a 5.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,711,977 shares of company stock valued at $19,971,316 over the last 90 days. Company insiders own 55.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PAM shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Pampa Energia in a research note on Thursday, January 22nd. HSBC upgraded Pampa Energia from a "hold" rating to a "buy" rating and raised their target price for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. Wall Street Zen raised Pampa Energia from a "hold" rating to a "strong-buy" rating in a research note on Saturday, March 14th. Finally, Zacks Research upgraded Pampa Energia from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Pampa Energia has an average rating of "Buy" and a consensus target price of $105.00.

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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