Central Puerto (NYSE:CEPU) Shares Gap Down – Here’s Why

Central Puerto S.A. (NYSE:CEPU) gapped down prior to trading on Tuesday . The stock had previously closed at $13.31, but opened at $12.55. Central Puerto shares last traded at $12.97, with a volume of 99,924 shares traded.

Central Puerto Stock Performance

The firm’s fifty day moving average is $14.25 and its 200 day moving average is $12.03. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 5.18 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.13 and a quick ratio of 1.97.

Central Puerto Increases Dividend

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

Institutional Trading of Central Puerto

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in Central Puerto in the 3rd quarter worth about $351,000. Financial Management Professionals Inc. bought a new stake in shares of Central Puerto in the 3rd quarter valued at approximately $34,000. Ping Capital Management Inc. increased its holdings in Central Puerto by 4.9% in the fourth quarter. Ping Capital Management Inc. now owns 86,000 shares of the company’s stock worth $1,246,000 after buying an additional 4,000 shares during the last quarter. GAMMA Investing LLC raised its position in Central Puerto by 169.1% during the fourth quarter. GAMMA Investing LLC now owns 9,942 shares of the company’s stock valued at $144,000 after acquiring an additional 6,248 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Central Puerto during the third quarter valued at approximately $122,000. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

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.