Central Puerto (NYSE:CEPU) Reaches New 1-Year Low – What’s Next?

by · The Markets Daily

Central Puerto S.A. Sponsored ADR (NYSE:CEPU – Get Free Report)’s stock price reached a new 52-week low on Monday. The stock traded as low as $10.31 and last traded at $10.2610, with a volume of 205,261 shares changing hands. The stock had previously closed at $10.61.

Analyst Ratings Changes

CEPU has been the topic of several recent research reports. Bank of America lowered their price objective on shares of Central Puerto from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, September 17th. Wall Street Zen lowered shares of Central Puerto from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Central Puerto in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Central Puerto currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

View Our Latest Analysis on CEPU

Central Puerto Trading Down 2.2%

The firm has a market capitalization of $1.53 billion, a P/E ratio of 3.37 and a beta of 0.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.28. The firm has a 50 day moving average price of $12.84 and a two-hundred day moving average price of $14.55.

Central Puerto Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, October 7th. Stockholders of record on Monday, September 28th were issued a dividend of $1.0758 per share. The ex-dividend date of this dividend was Monday, September 28th. Central Puerto’s dividend payout ratio is currently 30.00%.

Hedge Funds Weigh In On Central Puerto

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC purchased a new position in Central Puerto in the 2nd quarter worth about $159,000. Bank of America Corp DE lifted its stake in Central Puerto by 285.7% during the first quarter. Bank of America Corp DE now owns 132,818 shares of the company’s stock valued at $2,235,000 after buying an additional 98,380 shares in the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new stake in Central Puerto during the first quarter valued at about $4,814,000. Arrowstreet Capital Limited Partnership purchased a new stake in Central Puerto during the first quarter valued at about $271,000. Finally, Walleye Capital LLC acquired a new position in shares of Central Puerto in the first quarter worth about $1,349,000. Institutional investors and hedge funds own 2.97% of the company’s stock.

About Central Puerto

(Get Free Report)

Central Puerto SA is an Argentine electricity generation company that develops, owns and operates power-generation facilities. Its portfolio includes thermal, hydroelectric and renewable energy assets, enabling the company to supply electricity from a range of generation technologies.

The company sells power primarily through Argentina’s wholesale electricity market and serves the country’s electric system. Its operations are concentrated in Argentina, where it supplies electricity to the national grid and participates in the development and expansion of domestic generation capacity.

Central Puerto was established during the restructuring and privatization of Argentina’s electricity sector and has expanded its generation portfolio through investments in conventional and renewable energy projects.

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