Central Puerto (NYSE:CEPU) Trading Down 3.2% – Here’s What Happened

Central Puerto S.A. (NYSE:CEPU)’s share price dropped 3.2% on Friday . The stock traded as low as $13.25 and last traded at $13.24. Approximately 127,363 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 497,237 shares. The stock had previously closed at $13.67.

Central Puerto Price Performance

The company has a current ratio of 2.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.01 billion, a PE ratio of 5.20 and a beta of 1.21. The firm has a 50 day moving average of $14.20 and a two-hundred day moving average of $11.21.

Central Puerto (NYSE:CEPU) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.19). The company had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $200.26 million. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. Research analysts predict that Central Puerto S.A. will post 0.63 earnings per share for the current fiscal year.

Central Puerto Increases Dividend

The business also recently declared a — dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.3954 dividend. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 1.4%. This is an increase from Central Puerto’s previous — dividend of $0.07. Central Puerto’s dividend payout ratio is presently 14.90%.

Institutional Trading of Central Puerto

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Truist Financial Corp purchased a new stake in Central Puerto during the 2nd quarter valued at $161,000. GAMMA Investing LLC boosted its stake in Central Puerto by 62.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock valued at $35,000 after purchasing an additional 1,420 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in Central Puerto during the 3rd quarter valued at $34,000. Verition Fund Management LLC purchased a new stake in Central Puerto during the 3rd quarter valued at $121,000. Finally, Point72 Asset Management L.P. purchased a new stake in Central Puerto during the 3rd quarter valued at $351,000. Hedge funds and other institutional investors own 2.97% of the company’s stock.

About Central Puerto

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.