Central Puerto (NYSE:CEPU) Stock Price Down 5.4% – Here’s What Happened

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

Central Puerto Price Performance

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 stock has a fifty day moving average of $14.35 and a two-hundred day moving average of $11.50. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 5.72 and a beta of 1.21.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.20 earnings per share (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. On average, equities research analysts anticipate that Central Puerto S.A. will post 0.63 earnings per share for the current year.

Central Puerto Increases Dividend

The company also recently declared a — dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.3954 per share. This is a positive change from Central Puerto’s previous — dividend of $0.07. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 1.4%. Central Puerto’s payout ratio is 12.16%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new position in shares of Central Puerto in the third quarter worth $34,000. GAMMA Investing LLC increased its position 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 purchasing an additional 1,420 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Central Puerto during the third quarter worth approximately $121,000. Quadrature Capital Ltd acquired a new position in Central Puerto in the 3rd quarter valued at $122,000. Finally, Virtu Financial LLC purchased a new position in shares of Central Puerto during the 3rd quarter worth $157,000. Hedge funds and other 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.