Point72 Asset Management L.P. Invests $351,000 in Central Puerto S.A. (NYSE:CEPU)

Point72 Asset Management L.P. purchased a new stake in Central Puerto S.A. (NYSE:CEPU - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 37,100 shares of the company's stock, valued at approximately $351,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ping Capital Management Inc. acquired a new position in shares of Central Puerto during the second quarter worth $390,000. Acadian Asset Management LLC acquired a new position in Central Puerto in the 2nd quarter worth $320,000. Truist Financial Corp acquired a new position in Central Puerto in the 2nd quarter worth $161,000. Verition Fund Management LLC purchased a new position in Central Puerto in the 3rd quarter valued at about $121,000. Finally, GAMMA Investing LLC grew its stake in shares of Central Puerto by 62.4% during the third quarter. GAMMA Investing LLC now owns 3,694 shares of the company's stock valued at $35,000 after acquiring an additional 1,420 shares in the last quarter. 2.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Bank of America increased their price target on Central Puerto from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, September 11th.

Central Puerto Stock Up 1.7 %

Shares of CEPU stock traded up $0.25 during mid-day trading on Friday, reaching $15.20. 400,795 shares of the company were exchanged, compared to its average volume of 329,298. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.97 and a current ratio of 2.13. The business's 50 day simple moving average is $12.30 and its 200 day simple moving average is $10.26. The company has a market capitalization of $2.30 billion, a P/E ratio of 5.96 and a beta of 1.24. Central Puerto S.A. has a fifty-two week low of $7.07 and a fifty-two week high of $15.41.

Central Puerto (NYSE:CEPU - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.19). The company had revenue of $185.00 million during the quarter, compared to the consensus estimate of $200.26 million. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. Research analysts predict that Central Puerto S.A. will post 0.69 earnings per share for the current year.

Central Puerto Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.3954 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 1.4%. This is a boost from Central Puerto's previous -- dividend of $0.07. Central Puerto's dividend payout ratio is presently 19.61%.

Central Puerto Profile

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.