Central Puerto (NYSE:CEPU) Shares Gap Down - Here's Why

Central Puerto S.A. (NYSE:CEPU - Get Free Report) gapped down before the market opened 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.

Central Puerto Trading Down 2.8 %

The business's 50 day simple moving average is $14.17 and its two-hundred day simple moving average is $12.07. The stock has a market cap of $1.95 billion, a P/E ratio of 5.05 and a beta of 1.18. The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18.

Central Puerto Increases Dividend

The firm also recently disclosed a -- dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.3954 dividend. This is a boost 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 currently 12.16%.

Institutional Trading of Central Puerto

Several institutional investors have recently modified their holdings of the business. Tidal Investments LLC bought a new stake in shares of Central Puerto in the fourth quarter worth $176,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Central Puerto by 84.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,283,463 shares of the company's stock worth $33,087,000 after purchasing an additional 1,047,490 shares during the last quarter. Bosun Asset Management LLC bought a new stake in shares of Central Puerto in the fourth quarter worth $666,000. Jane Street Group LLC bought a new stake in shares of Central Puerto in the fourth quarter worth $405,000. Finally, Mirabella Financial Services LLP boosted its position in Central Puerto by 259.1% during the fourth quarter. Mirabella Financial Services LLP now owns 90,088 shares of the company's stock valued at $1,305,000 after acquiring an additional 65,000 shares during the last quarter. 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.