Central Puerto (NYSE:CEPU) Sees Large Volume Increase

Posted by Defense World Staff on Aug 16th, 2023

Central Puerto S.A. (NYSE:CEPU – Get Free Report) saw strong trading volume on Monday . 107,174 shares traded hands during mid-day trading, a decline of 55% from the previous session’s volume of 239,245 shares.The stock last traded at $6.02 and had previously closed at $6.81.

Analysts Set New Price Targets

Separately, Bank of America assumed coverage on Central Puerto in a research note on Wednesday, August 2nd. They issued a “neutral” rating and a $8.00 price target on the stock.

Read Our Latest Stock Report on CEPU

Central Puerto Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.96 and a quick ratio of 1.78. The stock has a market capitalization of $988.64 million, a PE ratio of 14.20 and a beta of 1.18. The stock has a 50 day moving average of $6.82 and a two-hundred day moving average of $6.29.

Central Puerto (NYSE:CEPU – Get Free Report) last posted its quarterly earnings results on Monday, May 15th. The company reported $0.01 earnings per share for the quarter. Central Puerto had a return on equity of 11.44% and a net margin of 11.62%. The firm had revenue of $145.81 million for the quarter. Research analysts expect that Central Puerto S.A. will post 0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Central Puerto

Several hedge funds and other institutional investors have recently bought and sold shares of CEPU. UBS Group AG acquired a new position in Central Puerto during the first quarter worth $161,000. Envestnet Asset Management Inc. raised its holdings in Central Puerto by 83.6% during the second quarter. Envestnet Asset Management Inc. now owns 30,697 shares of the company’s stock worth $94,000 after purchasing an additional 13,979 shares during the last quarter. Virtu Financial LLC acquired a new position in Central Puerto during the second quarter worth $88,000. Millennium Management LLC acquired a new position in Central Puerto during the second quarter worth $331,000. Finally, Citadel Advisors LLC raised its holdings in Central Puerto by 29.2% during the second quarter. Citadel Advisors LLC now owns 102,516 shares of the company’s stock worth $315,000 after purchasing an additional 23,198 shares during the last quarter. 2.54% of the stock is owned by institutional investors and hedge funds.

About Central Puerto

(Get Free Report)

Central Puerto SA engages in the electric power generation in Argentina. The company operates through three segments: The production of electrical energy from conventional sources; The production of electrical energy from renewable sources; and The transportation and distribution of natural gas. As of December 31, 2022, the company owned and operated six thermal generation plants, one hydroelectric generation plant, and seven wind farms with a total installed capacity of 4,809 MW.