Central Puerto (NYSE:CEPU) Posts Earnings Results

Central Puerto (NYSE:CEPU) released its quarterly earnings results on Wednesday. The company reported $0.70 earnings per share (EPS) for the quarter, Zacks reports. Central Puerto had a return on equity of 11.81% and a net margin of 21.30%.

Central Puerto Stock Down 0.9%

CEPU stock traded down $0.14 during trading on Thursday, reaching $14.83. The stock had a trading volume of 32,367 shares, compared to its average volume of 347,385. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.09. Central Puerto has a 1-year low of $7.43 and a 1-year high of $16.60. The firm has a fifty day moving average price of $10.30 and a 200 day moving average price of $11.34. The company has a market capitalization of $2.25 billion, a P/E ratio of 15.16 and a beta of 1.13.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Central Puerto in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Central Puerto from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Citigroup initiated coverage on shares of Central Puerto in a research report on Wednesday, October 29th. They issued a “buy” rating and a $17.50 price objective for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Central Puerto currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Institutional Investors Weigh In On Central Puerto

Institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Central Puerto by 14.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,782,883 shares of the company’s stock worth $32,504,000 after purchasing an additional 359,121 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Central Puerto in the second quarter valued at $1,149,000. Acadian Asset Management LLC bought a new position in shares of Central Puerto during the 1st quarter valued at about $434,000. NewEdge Advisors LLC boosted its holdings in Central Puerto by 4,431.2% during the first quarter. NewEdge Advisors LLC now owns 30,540 shares of the company’s stock worth $339,000 after buying an additional 29,866 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Central Puerto by 77.5% in the 1st quarter. Jane Street Group LLC now owns 49,649 shares of the company’s stock worth $551,000 after acquiring an additional 21,673 shares during the last quarter. Institutional investors and hedge funds 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.