Personal Capital Advisors Corp raised its stake in shares of Calpine Corporation (NYSE:CPN) by 521.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,306 shares of the utilities provider’s stock after buying an additional 188,193 shares during the period. Personal Capital Advisors Corp’s holdings in Calpine Corporation were worth $3,035,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the stock. 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 buying an additional 19,744,525 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in Calpine Corporation by 10.0% in the first 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. 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 buying an additional 4,192,693 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 buying an additional 1,452,101 shares during the period. Finally, First Trust Advisors LP raised its position in Calpine Corporation by 64.9% in the first quarter. First Trust Advisors LP now owns 3,317,185 shares of the utilities provider’s stock valued at $36,655,000 after buying an additional 1,305,634 shares during the period. 93.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Calpine Corporation (NYSE CPN) traded up 2.39% during trading on Friday, hitting $14.57. The company’s stock had a trading volume of 7,253,815 shares. The firm’s 50 day moving average price is $13.67 and its 200-day moving average price is $12.04. The company has a market cap of $5.26 billion, a PE ratio of 22.14 and a beta of 1.01. Calpine Corporation has a 52 week low of $9.30 and a 52 week high of $14.76.
Calpine Corporation (NYSE:CPN) last released its earnings results on Friday, July 28th. The utilities provider reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.63. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. Calpine Corporation had a negative return on equity of 1.59% and a net margin of 3.17%. Calpine Corporation’s revenue for the quarter was up 79.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 EPS. On average, analysts predict that Calpine Corporation will post $0.53 earnings per share for the current year.
Several equities analysts recently commented on CPN shares. Royal Bank Of Canada increased their target price on Calpine Corporation from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, June 22nd. Zacks Investment Research lowered Calpine Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, April 17th. Deutsche Bank AG set a $14.00 target price on Calpine Corporation and gave the company a “buy” rating in a report on Thursday, May 11th. BidaskClub lowered Calpine Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $14.00 target price on shares of Calpine Corporation in a report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Calpine Corporation presently has an average rating of “Hold” and a consensus price target of $14.60.
Calpine Corporation Company 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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