Central Puerto (NYSE:CEPU) Sets New 52-Week High – Here’s What Happened

Central Puerto S.A. (NYSE:CEPU)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $16.60 and last traded at $16.24, with a volume of 127500 shares trading hands. The stock had previously closed at $15.84.

Analysts Set New Price Targets

Separately, Bank of America raised their target price on Central Puerto from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th.

Central Puerto Trading Up 1.2 %

The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.40 billion, a P/E ratio of 6.22 and a beta of 1.21. The firm’s 50-day simple moving average is $13.74 and its 200 day simple moving average is $10.92.

Central Puerto (NYSE:CEPU) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). The firm had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $200.26 million. Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. As a group, analysts expect that Central Puerto S.A. will post 0.69 earnings per share for the current year.

Central Puerto Increases Dividend

The business also recently declared a — dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.3954 dividend. This is a positive change from Central Puerto’s previous — dividend of $0.07. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 29th. Central Puerto’s dividend payout ratio (DPR) is presently 14.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CEPU. Point72 Asset Management L.P. bought a new stake in Central Puerto during the third quarter valued at $351,000. Acadian Asset Management LLC purchased a new position in shares of Central Puerto during the second quarter worth approximately $320,000. Truist Financial Corp bought a new stake in shares of Central Puerto in the 2nd quarter worth approximately $161,000. Virtu Financial LLC bought a new stake in shares of Central Puerto in the 3rd quarter worth approximately $157,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Central Puerto in the 3rd quarter valued at $122,000. Hedge funds and other institutional investors own 2.97% of the company’s stock.

Central Puerto Company Profile

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.