Central Puerto (NYSE:CEPU) Shares Down 5.4% – Should You Sell?

Central Puerto S.A. (NYSE:CEPU)’s stock price fell 5.4% during mid-day trading on Tuesday . The stock traded as low as $12.77 and last traded at $12.78. 212,617 shares traded hands during trading, a decline of 56% from the average session volume of 479,556 shares. The stock had previously closed at $13.51.

Central Puerto Trading Up 2.6 %

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 firm has a market cap of $2.21 billion, a PE ratio of 5.72 and a beta of 1.21. The business has a fifty day moving average price of $14.35 and a 200 day moving average price of $11.50.

Central Puerto (NYSE:CEPU) last posted its earnings results on Monday, November 11th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. The company had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $200.26 million. Analysts forecast that Central Puerto S.A. will post 0.63 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 issued a $0.3954 dividend. This is an increase from Central Puerto’s previous — dividend of $0.07. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 29th. Central Puerto’s dividend payout ratio is presently 12.16%.

Hedge Funds Weigh In On Central Puerto

Institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new stake in Central Puerto during the 3rd quarter worth approximately $351,000. Truist Financial Corp acquired a new stake in shares of Central Puerto during the second quarter worth $161,000. Virtu Financial LLC purchased a new position in Central Puerto in the 3rd quarter valued at $157,000. Quadrature Capital Ltd purchased a new position in Central Puerto in the 3rd quarter valued at $122,000. Finally, Verition Fund Management LLC acquired a new position in Central Puerto in the 3rd quarter valued at $121,000. 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.