Airain ltd reduced its stake in shares of Calpine Corporation (NYSE:CPN) by 68.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,730 shares of the utilities provider’s stock after selling 27,995 shares during the period. Airain ltd’s holdings in Calpine Corporation were worth $172,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of CPN. Hotchkis & Wiley Capital Management LLC raised its position in shares of Calpine Corporation by 10.0% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 46,778,625 shares of the utilities provider’s stock valued at $516,904,000 after buying an additional 4,260,215 shares during the period. Vanguard Group Inc. raised its position in Calpine Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 29,656,389 shares of the utilities provider’s stock valued at $327,703,000 after purchasing an additional 1,452,101 shares during the period. BlackRock Inc. raised its position in Calpine Corporation by 3,600.9% in the first quarter. BlackRock Inc. now owns 20,292,848 shares of the utilities provider’s stock valued at $224,236,000 after purchasing an additional 19,744,525 shares during the period. FMR LLC raised its position in Calpine Corporation by 81.3% in the first quarter. FMR LLC now owns 9,346,866 shares of the utilities provider’s stock valued at $103,283,000 after purchasing an additional 4,192,693 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Calpine Corporation by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,106,991 shares of the utilities provider’s stock valued at $89,573,000 after purchasing an additional 481,749 shares during the period. Institutional investors and hedge funds own 97.17% of the company’s stock.
In other Calpine Corporation news, Director Jack A. Fusco sold 949,525 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $14.72, for a total transaction of $13,977,008.00. Following the sale, the director now directly owns 344,835 shares in the company, valued at approximately $5,075,971.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack A. Fusco sold 348,100 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $14.73, for a total transaction of $5,127,513.00. Following the sale, the director now owns 344,835 shares in the company, valued at $5,079,419.55. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
Calpine Corporation (NYSE CPN) opened at 14.68 on Tuesday. The stock has a market capitalization of $5.29 billion, a PE ratio of 110.38 and a beta of 1.01. The firm has a 50-day moving average of $14.32 and a 200-day moving average of $12.60. Calpine Corporation has a one year low of $9.30 and a one year high of $14.94.
Calpine Corporation (NYSE:CPN) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.63. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 79.0% compared to the same quarter last year. On average, equities research analysts forecast that Calpine Corporation will post $0.41 earnings per share for the current year.
Several research firms have commented on CPN. Zacks Investment Research downgraded shares of Calpine Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Royal Bank Of Canada set a $13.00 price target on shares of Calpine Corporation and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Macquarie downgraded shares of Calpine Corporation from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 31st. BidaskClub upgraded shares of Calpine Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, ValuEngine downgraded shares of Calpine Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Calpine Corporation has an average rating of “Hold” and a consensus price target of $14.98.
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Calpine Corporation Profile
Calpine Corporation is a power generation company. The Company is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. The Company’s segments include West (including geothermal), Texas and East (including Canada). In the Northeast and Mid-Atlantic regions, the Company has generating units capable of burning either natural gas or fuel oil.
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