Central Puerto (NYSE:CEPU) Stock Price Up 7.2% – What’s Next?

Shares of Central Puerto S.A. (NYSE:CEPU) rose 7.2% during trading on Thursday . The stock traded as high as $15.68 and last traded at $15.54. Approximately 488,008 shares were traded during trading, an increase of 49% from the average daily volume of 328,624 shares. The stock had previously closed at $14.49.

Analyst Ratings Changes

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

Central Puerto Stock Up 6.5 %

The firm has a market capitalization of $2.34 billion, a PE ratio of 6.05 and a beta of 1.23. 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 stock has a 50 day simple moving average of $13.37 and a 200 day simple moving average of $10.72.

Central Puerto (NYSE:CEPU) last released its quarterly earnings data on Monday, November 11th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). The firm had revenue of $185.00 million during 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, sell-side analysts forecast that Central Puerto S.A. will post 0.69 earnings per share for the current year.

Central Puerto Increases Dividend

The firm also recently announced a — dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.3954 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from Central Puerto’s previous — dividend of $0.07. Central Puerto’s payout ratio is 14.51%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. purchased a new position in shares of Central Puerto in the third quarter worth approximately $34,000. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 1,420 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Central Puerto in the 3rd quarter worth approximately $121,000. Quadrature Capital Ltd bought a new stake in Central Puerto during the 3rd quarter worth approximately $122,000. Finally, Virtu Financial LLC purchased a new position in shares of Central Puerto during the 3rd quarter valued at $157,000. 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.