17,793 Shares in Central Puerto S.A. (NYSE:CEPU) Acquired by Truist Financial Corp

Truist Financial Corp purchased a new position in shares of Central Puerto S.A. (NYSE:CEPU) during the second quarter, Holdings Channel reports. The firm purchased 17,793 shares of the company’s stock, valued at approximately $161,000.

A number of other large investors have also added to or reduced their stakes in CEPU. Ping Capital Management Inc. bought a new stake in Central Puerto during the second quarter worth $390,000. Acadian Asset Management LLC bought a new stake in Central Puerto during the second quarter worth $320,000. Finally, BNP Paribas Financial Markets bought a new stake in Central Puerto during the first quarter worth $29,000. Institutional investors and hedge funds own 2.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America upped their target price on Central Puerto from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th.

Central Puerto Stock Up 2.4 %

NYSE CEPU opened at $10.33 on Friday. The business has a fifty day moving average price of $9.68 and a two-hundred day moving average price of $9.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 1.96. Central Puerto S.A. has a fifty-two week low of $5.44 and a fifty-two week high of $11.60. The stock has a market capitalization of $1.56 billion, a PE ratio of 4.07 and a beta of 1.26.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Central Puerto had a net margin of 52.54% and a return on equity of 21.76%. The firm had revenue of $168.00 million during the quarter. Equities analysts expect that Central Puerto S.A. will post 0.53 earnings per share for the current fiscal year.

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.