Ping Capital Management Inc. Has $1.25 Million Position in Central Puerto S.A. (NYSE:CEPU)

Ping Capital Management Inc. raised its holdings in Central Puerto S.A. (NYSE:CEPU) by 4.9% in the fourth quarter, Holdings Channel reports. The fund owned 86,000 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Central Puerto accounts for about 0.3% of Ping Capital Management Inc.’s portfolio, making the stock its 19th biggest position. Ping Capital Management Inc.’s holdings in Central Puerto were worth $1,246,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Point72 Asset Management L.P. bought a new position in Central Puerto in the third quarter valued at $351,000. Truist Financial Corp bought a new position in shares of Central Puerto in the 2nd quarter valued at about $161,000. Virtu Financial LLC bought a new position in Central Puerto in the third quarter valued at approximately $157,000. Quadrature Capital Ltd bought a new stake in shares of Central Puerto during the 3rd quarter worth approximately $122,000. Finally, Verition Fund Management LLC bought a new position in shares of Central Puerto in the third quarter valued at $121,000. Institutional investors and hedge funds own 2.97% of the company’s stock.

Central Puerto Stock Performance

Shares of CEPU stock opened at $14.55 on Wednesday. Central Puerto S.A. has a one year low of $7.07 and a one year high of $16.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.13 and a quick ratio of 1.97. The stock has a market cap of $2.20 billion, a P/E ratio of 5.71 and a beta of 1.18. The company has a fifty day moving average price of $14.38 and a two-hundred day moving average price of $11.66.

Central Puerto (NYSE:CEPU) last announced its earnings results on Monday, November 11th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $200.26 million. As a group, equities analysts predict that Central Puerto S.A. will post 0.63 EPS for the current year.

Central Puerto Increases Dividend

The firm 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. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 1.4%. This is a boost from Central Puerto’s previous — dividend of $0.07. Central Puerto’s payout ratio is 12.16%.

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.