Insider Selling: Pampa Energia (NYSE:PAM) Director Sells 1,675,000 Shares of Stock

Key Points

• Insider sale: Director Marcos Marcelo Mindlin sold 1,675,000 shares at an average price of $3.54 for proceeds of $5.93 million, reducing his stake by 9.91% to 15,221,973 shares (valued about $53.9 million) as disclosed in an SEC filing.
• Market move and metrics: Pampa Energia traded down 2.3% to $80.62 on above-average volume, with a market cap of $4.39 billion, a P/E of 11.63 and a 12‑month trading range of $54.95–$94.50.
• Analyst outlook: Analyst coverage is mixed (two Buys, two Holds) with an average price target of $105, and recent upgrades from HSBC and Wall Street Zen lifting sentiment.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin sold 1,675,000 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $3.54, for a total value of $5,929,500.00. Following the sale, the director owned 15,221,973 shares of the company's stock, valued at approximately $53,885,784.42. This represents a 9.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Pampa Energia Stock Down 2.3%

NYSE PAM traded down $1.93 during trading on Friday, hitting $80.62. 343,512 shares of the company traded hands, compared to its average volume of 233,000. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50. The business has a fifty day simple moving average of $83.25 and a 200 day simple moving average of $81.97. The company has a market capitalization of $4.39 billion, a P/E ratio of 11.63, a PEG ratio of 3.27 and a beta of 1.06. The company has a current ratio of 3.11, a quick ratio of 2.75 and a debt-to-equity ratio of 0.51.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its quarterly earnings results on Sunday, February 15th. The utilities provider reported $2.50 earnings per share for the quarter. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%.The company had revenue of $507.00 million during the quarter. As a group, sell-side analysts predict that Pampa Energia S.A. will post 9.33 EPS for the current year.

Analysts Set New Price Targets

PAM has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Pampa Energia in a research report on Thursday, January 22nd. HSBC raised Pampa Energia from a "hold" rating to a "buy" rating and boosted their price target for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Zacks Research raised Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen raised Pampa Energia from a "hold" rating to a "strong-buy" rating in a research report on Saturday, March 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Pampa Energia currently has an average rating of "Moderate Buy" and an average target price of $105.00.

Hedge Funds Weigh In On Pampa Energia

Institutional investors have recently made changes to their positions in the business. Helikon Investments Ltd grew its position in Pampa Energia by 41.9% during the third quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider's stock worth $41,968,000 after buying an additional 206,197 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Pampa Energia by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider's stock worth $41,845,000 after buying an additional 45,653 shares in the last quarter. JPMorgan Chase & Co. grew its position in Pampa Energia by 20.5% during the fourth quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider's stock worth $24,319,000 after buying an additional 46,719 shares in the last quarter. PointState Capital LP acquired a new stake in Pampa Energia during the fourth quarter valued at approximately $24,006,000. Finally, Fundamenta Capital S.A. acquired a new stake in Pampa Energia during the fourth quarter valued at approximately $23,496,000. 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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