Central Puerto (NYSE:CEPU) Releases Earnings Results

Central Puerto (NYSE:CEPU) announced its quarterly earnings results on Tuesday. The company reported $0.58 EPS for the quarter, FiscalAI reports. Central Puerto had a return on equity of 15.93% and a net margin of 37.86%.The company had revenue of $0.47 million during the quarter, compared to analysts’ expectations of $204.91 million.

Central Puerto Trading Down 3.4%

Shares of CEPU stock traded down $0.47 during trading hours on Tuesday, hitting $13.31. 435,013 shares of the company’s stock traded hands, compared to its average volume of 201,241. The stock has a market cap of $2.02 billion, a PE ratio of 6.40 and a beta of 0.85. The stock’s 50 day simple moving average is $14.88 and its 200 day simple moving average is $15.25. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 0.12. Central Puerto has a 12 month low of $7.43 and a 12 month high of $18.50.

Institutional Trading of Central Puerto

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp bought a new position in Central Puerto during the 3rd quarter worth $60,000. Squarepoint Ops LLC bought a new stake in shares of Central Puerto in the 3rd quarter valued at about $138,000. Brooklyn Investment Group acquired a new stake in shares of Central Puerto in the fourth quarter valued at about $174,000. Balyasny Asset Management L.P. acquired a new stake in shares of Central Puerto in the fourth quarter valued at about $202,000. Finally, Bank of America Corp DE increased its stake in shares of Central Puerto by 13.6% in the second quarter. Bank of America Corp DE now owns 20,531 shares of the company’s stock valued at $240,000 after buying an additional 2,460 shares during the period. 2.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CEPU has been the subject of a number of recent research reports. Weiss Ratings raised Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. Wall Street Zen raised Central Puerto from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.50.

About Central Puerto

Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.