Insider Buying: Pampa Energia (NYSE:PAM) Director Acquires 150,000 Shares

Key Points

• Director Marcos Marcelo Mindlin bought 150,000 Pampa Energia shares at an average $3.38 per share, investing $507,000 and increasing his ownership to 22.18 million shares valued at approximately $75 million.
• Mindlin has also made several recent purchases, including 902,975 shares on August 19 and 396,950 shares on August 18, following larger sales in July.
• Pampa Energia shares recently traded at $82.17, while analysts maintained an overall “Hold” consensus with an average price target of $103.83. The company reported quarterly EPS of $2.50 on $746 million in revenue.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin bought 150,000 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average cost of $3.38 per share, with a total value of $507,000.00. Following the completion of the purchase, the director owned 22,180,592 shares of the company's stock, valued at approximately $74,970,400.96. The trade was a 0.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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 cost of $3.34 per share, for a total transaction of $3,015,936.50.
• On Tuesday, August 18th, Marcos Marcelo Mindlin acquired 396,950 shares of Pampa Energia stock. The shares were bought at an average cost of $3.35 per share, with a total value 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 purchased 287,916 shares of Pampa Energia stock. The stock was bought at an average cost of $3.37 per share, for a total transaction of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin acquired 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 bought 739,178 shares of Pampa Energia stock. The stock was purchased at an average cost of $3.35 per share, for a total transaction of $2,476,246.30.

Pampa Energia Trading Up 2.1%

Pampa Energia stock traded up $1.72 during midday trading on Monday, reaching $82.17. The stock had a trading volume of 183,056 shares, compared to its average volume of 216,353. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.64 and a quick ratio of 3.23. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.27 and a beta of 0.97. The firm's fifty day simple moving average is $82.58 and its two-hundred day simple moving average is $82.92.

Pampa Energia (NYSE:PAM - Get Free Report) last released its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The company had revenue of $746.00 million during the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%. Equities analysts anticipate that Pampa Energia S.A. will post 10.68 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PAM shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Pampa Energia in a report on Friday, June 12th. JPMorgan Chase & Co. boosted their target price on Pampa Energia from $97.50 to $101.50 and gave the company a "neutral" rating in a research note on Monday, June 1st. Zacks Research cut Pampa Energia from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Finally, Wall Street Zen lowered shares of Pampa Energia from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 23rd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $103.83.

Institutional Trading of Pampa Energia

A number of institutional investors and hedge funds have recently made changes to their positions in PAM. Y Intercept Hong Kong Ltd bought a new position in shares of Pampa Energia in the first quarter worth about $1,569,000. BW Gestao de Investimentos Ltda. bought a new stake in Pampa Energia during the 4th quarter valued at approximately $3,105,000. Hsbc Holdings PLC grew its holdings in Pampa Energia by 77.6% in the 4th quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider's stock valued at $4,058,000 after buying an additional 20,438 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Pampa Energia in the 1st quarter valued at approximately $14,482,000. Finally, Guardian Partners Inc. bought a new position in Pampa Energia in the 1st quarter worth approximately $620,000. Institutional investors and hedge funds own 12.77% of the company's stock.

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.

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