Central Puerto (NYSE:CEPU) Issues Earnings Results

Central Puerto (NYSE:CEPU) issued its quarterly earnings data on Tuesday. The company reported $0.58 EPS for the quarter, FiscalAI reports. Central Puerto had a return on equity of 15.93% and a net margin of 37.86%.The firm had revenue of $0.47 million during the quarter, compared to the consensus estimate of $204.91 million.

Central Puerto Stock Performance

NYSE:CEPU traded down $0.47 during trading on Tuesday, reaching $13.31. The company’s stock had a trading volume of 435,013 shares, compared to its average volume of 201,241. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 6.40 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 1.01. The firm has a 50 day moving average of $14.88 and a 200-day moving average of $15.25. Central Puerto has a 12 month low of $7.43 and a 12 month high of $18.50.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings raised Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Central Puerto from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Hedge Funds Weigh In On Central Puerto

A number of hedge funds and other institutional investors have recently made changes to their positions in CEPU. Van ECK Associates Corp bought a new stake in shares of Central Puerto in the 3rd quarter worth approximately $60,000. Squarepoint Ops LLC purchased a new stake in Central Puerto in the third quarter worth $138,000. Brooklyn Investment Group bought a new stake in shares of Central Puerto in the fourth quarter valued at $174,000. Balyasny Asset Management L.P. bought a new stake in shares of Central Puerto in the fourth quarter valued at $202,000. Finally, Bank of America Corp DE lifted its position in shares of Central Puerto by 13.6% during the 2nd quarter. Bank of America Corp DE now owns 20,531 shares of the company’s stock valued at $240,000 after buying an additional 2,460 shares during the last quarter. 2.97% of the stock is owned by hedge funds and other institutional investors.

About Central Puerto

Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.