Central Puerto (NYSE:CEPU) Reaches New 12-Month High – Should You Buy?

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

Analyst Upgrades and Downgrades

Separately, Bank of America upped their price objective on 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 Performance

The business has a 50 day simple moving average of $12.30 and a 200 day simple moving average of $10.26. The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.38 billion, a PE ratio of 5.96 and a beta of 1.24.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.20 earnings per share 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 analyst estimates of $200.26 million. Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. Equities research analysts predict that Central Puerto S.A. will post 0.69 EPS for the current fiscal 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 issued a $0.3954 dividend. The ex-dividend date was Friday, November 29th. This is a positive change from Central Puerto’s previous — dividend of $0.07. This represents a dividend yield of 1.4%. Central Puerto’s dividend payout ratio is currently 19.61%.

Institutional Trading of Central Puerto

Institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new stake in Central Puerto in the third quarter valued at approximately $351,000. Acadian Asset Management LLC purchased a new position in shares of Central Puerto in the second quarter valued at approximately $320,000. GAMMA Investing LLC lifted its position in shares of Central Puerto by 62.4% in 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 in the last quarter. Truist Financial Corp purchased a new position in shares of Central Puerto in the second quarter valued at approximately $161,000. Finally, Financial Management Professionals Inc. purchased a new position in shares of Central Puerto in the third quarter valued at approximately $34,000. 2.97% of the stock is owned by institutional investors and hedge funds.

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.