Central Puerto (NYSE:CEPU) Posts Quarterly Earnings Results

Central Puerto (NYSE:CEPU - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.70 earnings per share (EPS) for the quarter, Zacks reports. Central Puerto had a net margin of 21.30% and a return on equity of 11.81%.Get Central Puerto alerts:Central Puerto Stock Down 0.8%CEPU traded down $0.12 during trading on Wednesday, reaching $14.86. 310,859 shares of the stock traded hands, compared to its average volume of 348,527. The stock's 50-day simple moving average is $10.20 and its two-hundred day simple moving average is $11.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.31 and a quick ratio of 1.20. Central Puerto has a fifty-two week low of $7.43 and a fifty-two week high of $16.60. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 15.16 and a beta of 1.13. Institutional Investors Weigh In On Central PuertoInstitutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in Central Puerto by 4,431.2% during the first quarter. NewEdge Advisors LLC now owns 30,540 shares of the company's stock valued at $339,000 after acquiring an additional 29,866 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Central Puerto by 77.5% during the 1st quarter. Jane Street Group LLC now owns 49,649 shares of the company's stock worth $551,000 after purchasing an additional 21,673 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Central Puerto during the 1st quarter valued at $434,000. Invesco Ltd. lifted its stake in shares of Central Puerto by 41.1% in the 2nd quarter. Invesco Ltd. now owns 30,434 shares of the company's stock valued at $355,000 after purchasing an additional 8,867 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in Central Puerto in the second quarter worth $1,149,000. 2.97% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings ChangesSeveral equities analysts have weighed in on CEPU shares. Citigroup assumed coverage on shares of Central Puerto in a research report on Wednesday, October 29th. They set a "buy" rating and a $17.50 price objective on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of Central Puerto in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Central Puerto from a "buy" rating to a "strong-buy" rating in a research report on Sunday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $17.50.Read Our Latest Research Report on CEPUCentral Puerto Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Central PuertoThe Basics of Support and ResistanceWhy Bulls Should Want a Bigger Drop in Palantir StockWhat is a penny stock? A comprehensive guidePapa John's $2.7 Billion Takeover Bid: A Price on Untapped Value3 Monster Growth Stocks to Buy NowIs Qualcomm Up 40% or Down 20%? 2 Contrarian TakesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Central Puerto Right Now?Before you consider Central Puerto, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Central Puerto wasn't on the list.While Central Puerto currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here