Central Puerto (NYSE:CEPU) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Central Puerto (NYSE:CEPU) from a strong-buy rating to a buy rating in a research report released on Saturday.

Separately, Weiss Ratings raised Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.50.

Central Puerto Stock Performance

Shares of CEPU opened at $12.97 on Friday. The business’s fifty day simple moving average is $14.54 and its two-hundred day simple moving average is $15.05. The company has a current ratio of 1.28, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22. Central Puerto has a 12 month low of $7.43 and a 12 month high of $18.50. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 4.32 and a beta of 0.85.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CEPU. NewEdge Advisors LLC lifted 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 purchasing an additional 29,866 shares during the period. Jane Street Group LLC grew its position in Central Puerto by 77.5% in 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 period. Acadian Asset Management LLC purchased a new stake in Central Puerto during the 1st quarter valued at $434,000. Invesco Ltd. raised its stake in Central Puerto by 41.1% during the 2nd quarter. Invesco Ltd. now owns 30,434 shares of the company’s stock valued at $355,000 after buying an additional 8,867 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Central Puerto during the 2nd quarter valued at $1,149,000. 2.97% of the stock is owned by hedge funds and other institutional investors.

About Central Puerto

Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.