Pampa Energia (NYSE:PAM) VP Sells $1,785,000.00 in Stock

Key Points

• Pampa Energía VP Damian Miguel Mindlin sold 500,000 shares on March 31 at an average of $3.57 for $1,785,000, and in March sold roughly 1,229,477 shares totaling about $4.29 million across multiple transactions.
• The stock was trading at $88.59 (up $1.41) with a market cap of $4.82 billion, and analysts have a consensus rating of Moderate Buy with a $105 consensus price target.
• Institutional investors have been adjusting positions—Helikon, Mirae and JPMorgan notably increased stakes—and hedge funds/institutions now own about 12.77% of the company.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) VP Damian Miguel Mindlin sold 500,000 shares of Pampa Energia stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $3.57, for a total value of $1,785,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Damian Miguel Mindlin also recently made the following trade(s):

• On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The shares were sold at an average price of $3.65, for a total value of $1,741.05.
• On Thursday, March 19th, Damian Miguel Mindlin sold 300,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.41, for a total value of $1,023,000.00.
• On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.45, for a total value of $1,480,050.00.

Pampa Energia Stock Performance

NYSE PAM traded up $1.41 on Thursday, reaching $88.59. The stock had a trading volume of 134,677 shares, compared to its average volume of 232,062. The stock has a market cap of $4.82 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 3.52 and a beta of 1.06. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50. The business's 50-day moving average price is $83.06 and its 200 day moving average price is $80.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.75 and a current ratio of 3.11.

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

Institutional Investors Weigh In On Pampa Energia

Institutional investors have recently added to or reduced their stakes in the business. Helikon Investments Ltd raised 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 acquiring an additional 206,197 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Pampa Energia by 8.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider's stock worth $41,845,000 after purchasing an additional 45,653 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Pampa Energia by 20.5% during the 4th quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider's stock worth $24,319,000 after purchasing an additional 46,719 shares during the last quarter. PointState Capital LP acquired a new position in shares of Pampa Energia during the 4th quarter worth approximately $24,006,000. Finally, Fundamenta Capital S.A. purchased a new stake in Pampa Energia in the 4th quarter valued at approximately $23,496,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Zacks Research upgraded shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research note on Tuesday. HSBC raised Pampa Energia from a "hold" rating to a "buy" rating and raised their price target for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Pampa Energia in a research note on Thursday, January 22nd. 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.