Central Puerto (NYSE:CEPU) Shares Gap Down – What’s Next?

Central Puerto S.A. (NYSE:CEPU) shares gapped down before the market opened on Tuesday . The stock had previously closed at $13.31, but opened at $12.55. Central Puerto shares last traded at $12.97, with a volume of 99,924 shares traded.

Central Puerto Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.13 and a quick ratio of 1.97. The stock’s 50-day moving average price is $14.30 and its 200-day moving average price is $11.98. The company has a market cap of $2.04 billion, a P/E ratio of 5.29 and a beta of 1.18.

Central Puerto Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.3954 dividend. The ex-dividend date was Friday, November 29th. This represents a yield of 1.4%. This is an increase from Central Puerto’s previous — dividend of $0.07. Central Puerto’s payout ratio is currently 12.16%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC bought a new stake in shares of Central Puerto in the fourth quarter valued at approximately $176,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Central Puerto by 84.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,283,463 shares of the company’s stock valued at $33,087,000 after acquiring an additional 1,047,490 shares in the last quarter. Bosun Asset Management LLC bought a new stake in shares of Central Puerto during the 4th quarter valued at $666,000. Jane Street Group LLC acquired a new stake in shares of Central Puerto during the 4th quarter worth $405,000. Finally, Mirabella Financial Services LLP grew its holdings in shares of Central Puerto by 259.1% during the 4th quarter. Mirabella Financial Services LLP now owns 90,088 shares of the company’s stock worth $1,305,000 after purchasing an additional 65,000 shares in the last quarter. 2.97% of the stock is owned by institutional investors.

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.