Insider Buying: Pampa Energia (NYSE:PAM) Director Acquires 396,950 Shares of Stock

Key Points

• Director Marcos Marcelo Mindlin bought 396,950 Pampa Energia shares at an average of $3.35, a transaction worth approximately $1.33 million. Following the purchase, he directly owned 20.45 million shares valued at about $68.5 million.
• Mindlin also purchased 902,975 shares the following day for roughly $3.02 million, continuing a pattern of recent buying despite selling about 3 million shares in July.
• Pampa Energia shares traded at $79.18, while analysts maintained an overall “Hold” rating with an average price target of $103.83. The company reported quarterly revenue of $746 million and EPS of $2.50.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin bought 396,950 shares of Pampa Energia stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average price of $3.35 per share, with a total value of $1,329,782.50. Following the purchase, the director directly owned 20,452,617 shares of the company's stock, valued at approximately $68,516,266.95. This represents a 1.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, 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 shares were acquired at an average price of $3.34 per share, for a total transaction 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 transaction 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 transaction of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin bought 287,916 shares of Pampa Energia stock. The shares were acquired at an average cost of $3.37 per share, for a total transaction of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin bought 383,600 shares of Pampa Energia stock. The shares were bought 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 purchased 739,178 shares of Pampa Energia stock. The stock was bought at an average cost of $3.35 per share, with a total value of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin purchased 275,000 shares of Pampa Energia stock. The stock was bought at an average price of $3.37 per share, with a total value of $926,750.00.

Pampa Energia Stock Performance

Shares of NYSE PAM traded down $0.06 during mid-day trading on Thursday, hitting $79.18. The company had a trading volume of 162,023 shares, compared to its average volume of 219,022. The company has a current ratio of 3.64, a quick ratio of 3.23 and a debt-to-equity ratio of 0.64. Pampa Energia S.A. has a 1 year low of $54.95 and a 1 year high of $94.50. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 0.27 and a beta of 0.97. The stock's 50-day moving average price is $83.52 and its 200-day moving average price is $83.11.

Pampa Energia (NYSE:PAM - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%.The business had revenue of $746.00 million for the quarter. On average, sell-side analysts forecast that Pampa Energia S.A. will post 10.68 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on PAM. Wall Street Zen raised shares of Pampa Energia from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pampa Energia in a report on Friday, June 12th. Zacks Research downgraded Pampa Energia from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the company a "neutral" rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $103.83.

Institutional Trading of Pampa Energia

A number of institutional investors have recently made changes to their positions in the stock. Pictet Asset Management Holding SA boosted its position in Pampa Energia by 1.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider's stock valued at $1,463,000 after buying an additional 316 shares during the period. DGS Capital Management LLC increased its position in shares of Pampa Energia by 16.6% in the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider's stock valued at $273,000 after acquiring an additional 438 shares during the period. Raymond James Financial Inc. bought a new position in shares of Pampa Energia during the second quarter valued at about $37,000. Titan Global Capital Management USA LLC raised its stake in shares of Pampa Energia by 6.4% during the first quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider's stock valued at $1,205,000 after acquiring an additional 820 shares during the last quarter. Finally, NFJ Investment Group LLC purchased a new stake in shares of Pampa Energia during the fourth quarter worth about $104,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

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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