Community Bank of Raymore held its position in Calpine Corporation (NYSE:CPN) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 67,303 shares of the utilities provider’s stock at the end of the second quarter. Community Bank of Raymore’s holdings in Calpine Corporation were worth $911,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in Calpine Corporation by 85.0% in the first quarter. Nordea Investment Management AB now owns 9,935 shares of the utilities provider’s stock valued at $110,000 after buying an additional 4,565 shares during the period. Advisors Asset Management Inc. increased its position in shares of Calpine Corporation by 20.7% in the first quarter. Advisors Asset Management Inc. now owns 10,106 shares of the utilities provider’s stock worth $112,000 after buying an additional 1,732 shares during the last quarter. BB&T Securities LLC bought a new position in shares of Calpine Corporation during the first quarter worth approximately $134,000. Morningstar Investment Services LLC bought a new position in shares of Calpine Corporation during the first quarter worth approximately $148,000. Finally, Hexavest Inc. bought a new position in shares of Calpine Corporation during the first quarter worth approximately $152,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Calpine Corporation (NYSE CPN) traded up 2.39% during trading on Friday, reaching $14.57. 7,253,815 shares of the company were exchanged. Calpine Corporation has a one year low of $9.30 and a one year high of $14.76. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 22.14 and a beta of 1.01. The company has a 50 day moving average price of $13.67 and a 200-day moving average price of $12.04.
Calpine Corporation (NYSE:CPN) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.63. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Calpine Corporation had a net margin of 3.17% and a negative return on equity of 1.59%. The business’s revenue was up 79.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. Equities analysts predict that Calpine Corporation will post $0.53 EPS for the current year.
CPN has been the topic of a number of research analyst reports. Deutsche Bank AG set a $14.00 price objective on shares of Calpine Corporation and gave the company a “buy” rating in a research report on Thursday, May 11th. Royal Bank Of Canada set a $13.00 target price on shares of Calpine Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. Citigroup Inc. set a $15.00 target price on shares of Calpine Corporation and gave the company a “buy” rating in a research note on Thursday, May 11th. Zacks Investment Research cut shares of Calpine Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) reduced their target price on shares of Calpine Corporation from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, May 2nd. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Calpine Corporation currently has an average rating of “Hold” and a consensus target price 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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