Central Puerto (NYSE:CEPU) Reaches New 1-Year High – Still a Buy?

Central Puerto S.A. (NYSE:CEPU) hit a new 52-week high on Monday . The company traded as high as $14.90 and last traded at $14.55, with a volume of 91545 shares trading hands. The stock had previously closed at $14.21.

Analyst Ratings Changes

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

Central Puerto Trading Down 1.5 %

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 firm’s 50-day simple moving average is $11.99 and its 200 day simple moving average is $10.15. The stock has a market capitalization of $2.15 billion, a P/E ratio of 5.56 and a beta of 1.23.

Central Puerto (NYSE:CEPU) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.19). Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. The business had revenue of $185.00 million during the quarter, compared to the consensus estimate of $200.26 million. Equities research analysts anticipate that Central Puerto S.A. will post 0.69 EPS for the current fiscal year.

Central Puerto Increases Dividend

The firm also recently declared a — dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.3954 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Central Puerto’s previous — dividend of $0.07. This represents a yield of 1.4%. Central Puerto’s payout ratio is 7.45%.

Institutional Trading of Central Puerto

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in Central Puerto during the 2nd quarter worth about $320,000. GAMMA Investing LLC raised its holdings in Central Puerto by 62.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock worth $35,000 after buying an additional 1,420 shares during the period. Truist Financial Corp acquired a new stake in Central Puerto during the 2nd quarter worth about $161,000. Ping Capital Management Inc. acquired a new stake in Central Puerto during the 2nd quarter worth about $390,000. Finally, Financial Management Professionals Inc. acquired a new stake in Central Puerto during the 3rd quarter worth about $34,000. Institutional investors and hedge funds 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.