Calpine Corporation (CPN) Shares Bought by Personal Capital Advisors Corp

Personal Capital Advisors Corp raised its position in shares of Calpine Corporation (NYSE:CPN) by 521.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,306 shares of the utilities provider’s stock after buying an additional 188,193 shares during the period. Personal Capital Advisors Corp owned 0.06% of Calpine Corporation worth $3,035,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased 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 during the period. Advisors Asset Management Inc. boosted 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 in the last quarter. BB&T Securities LLC purchased a new position in shares of Calpine Corporation during the first quarter worth $134,000. Morningstar Investment Services LLC purchased a new position in shares of Calpine Corporation during the first quarter worth $148,000. Finally, Hexavest Inc. purchased a new position in shares of Calpine Corporation during the first quarter worth $152,000. 92.71% of the stock is owned by institutional investors.

Shares of Calpine Corporation (NYSE:CPN) traded down 1.27% during mid-day trading on Tuesday, reaching $14.00. The company’s stock had a trading volume of 3,709,799 shares. The company has a market capitalization of $5.05 billion, a PE ratio of 105.26 and a beta of 1.02. Calpine Corporation has a 52-week low of $9.30 and a 52-week high of $14.76. The firm’s 50 day moving average is $13.73 and its 200-day moving average is $12.07.

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. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue was up 79.0% on a year-over-year basis. Analysts forecast that Calpine Corporation will post $0.54 EPS for the current year.

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A number of research analysts have recently weighed in on CPN shares. Zacks Investment Research upgraded Calpine Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Monday, June 26th. Royal Bank Of Canada set a $13.00 price target on Calpine Corporation and gave the company a “buy” rating in a research report on Saturday, June 3rd. Deutsche Bank AG dropped their price target on Calpine Corporation from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) dropped their price target on Calpine Corporation from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $14.00 price objective on shares of Calpine Corporation in a research report on Friday, April 28th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price 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.