Central Puerto (NYSE:CEPU) Shares Down 3.2% – Time to Sell?

Shares of Central Puerto S.A. (NYSE:CEPU) were down 3.2% during trading on Friday . The company traded as low as $13.25 and last traded at $13.24. Approximately 127,363 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 497,237 shares. The stock had previously closed at $13.67.

Central Puerto Trading Down 4.9 %

The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 5.10 and a beta of 1.21. 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 business has a 50 day moving average price of $14.16 and a 200-day moving average price of $11.16.

Central Puerto (NYSE:CEPU) last posted its quarterly 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). The firm had revenue of $185.00 million during the quarter, compared to analyst estimates of $200.26 million. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. As a group, research analysts expect that Central Puerto S.A. will post 0.63 EPS for the current fiscal year.

Central Puerto Increases Dividend

The company also recently disclosed a — dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.3954 per share. The ex-dividend date of this dividend was 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 dividend payout ratio (DPR) is 14.90%.

Institutional Trading of Central Puerto

Several institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new position in Central Puerto during the 2nd quarter valued at approximately $320,000. Truist Financial Corp acquired a new stake in Central Puerto in the 2nd quarter valued at approximately $161,000. GAMMA Investing LLC raised its stake in 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 acquiring an additional 1,420 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in Central Puerto during the 3rd quarter worth $34,000. Finally, Verition Fund Management LLC bought a new position in shares of Central Puerto in the third quarter worth $121,000. Institutional investors 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.