Community Bank of Raymore maintained its stake in Calpine Corporation (NYSE:CPN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CPN. Nordea Investment Management AB boosted its stake 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 worth $110,000 after buying an additional 4,565 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in 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 in the last quarter. BB&T Securities LLC bought a new position in shares of Calpine Corporation during the first quarter worth $134,000. Morningstar Investment Services LLC bought a new position in shares of Calpine Corporation during the first quarter worth $148,000. Finally, Hexavest Inc. bought a new position in shares of Calpine Corporation during the first quarter worth $152,000. Institutional investors and hedge funds own 93.17% of the company’s stock.
Calpine Corporation (NYSE CPN) opened at 14.29 on Friday. The stock’s 50 day moving average is $13.73 and its 200-day moving average is $12.07. Calpine Corporation has a 1-year low of $9.30 and a 1-year high of $14.76. The firm has a market capitalization of $5.15 billion, a P/E ratio of 107.44 and a beta of 1.02.
Calpine Corporation (NYSE:CPN) last issued its quarterly earnings data on Friday, July 28th. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.63. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.15 billion. Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The firm’s quarterly revenue was up 79.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. Analysts forecast that Calpine Corporation will post $0.54 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “Calpine Corporation (CPN) Stake Held by Community Bank of Raymore” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://stocknewstimes.com/2017/08/06/community-bank-of-raymore-maintains-stake-in-calpine-corporation-cpn-updated-updated.html.
CPN has been the subject of a number of research analyst reports. Deutsche Bank AG set a $14.00 target price on shares of Calpine Corporation and gave the stock a “buy” rating in a research note on Thursday, May 11th. Royal Bank Of Canada set a $13.00 target price on shares of Calpine Corporation and gave the stock 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 stock a “buy” rating in a research note on Thursday, May 11th. Zacks Investment Research lowered 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. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.80.
About Calpine Corporation
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.
Receive News & Ratings for Calpine Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calpine Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
