Central Puerto (NYSE:CEPU) Reaches New 52-Week High – Here’s Why

Central Puerto S.A. (NYSE:CEPU) shares hit a new 52-week high during trading on Monday . The stock traded as high as $15.49 and last traded at $15.49, with a volume of 638 shares. The stock had previously closed at $15.20.

Wall Street Analyst Weigh In

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

Central Puerto Stock Performance

The business has a 50-day simple moving average of $12.41 and a 200 day simple moving average of $10.30. 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 firm has a market cap of $2.29 billion, a PE ratio of 5.93 and a beta of 1.24.

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

Central Puerto Increases Dividend

The company also recently disclosed a — dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.3954 per share. This represents a dividend yield of 1.4%. This is an increase from Central Puerto’s previous — dividend of $0.07. The ex-dividend date of this dividend was Friday, November 29th. Central Puerto’s dividend payout ratio (DPR) is presently 19.61%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CEPU. GAMMA Investing LLC raised its holdings in Central Puerto by 62.4% during the third quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock valued at $35,000 after acquiring an additional 1,420 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of Central Puerto during the third quarter worth about $34,000. Verition Fund Management LLC bought a new stake in Central Puerto during the 3rd quarter valued at approximately $121,000. Quadrature Capital Ltd bought a new stake in Central Puerto during the 3rd quarter valued at approximately $122,000. Finally, Virtu Financial LLC purchased a new position in Central Puerto in the 3rd quarter worth approximately $157,000. 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.