George Kaiser Family Foundation held its position in shares of Calpine Corporation (NYSE:CPN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,118 shares of the utilities provider’s stock at the end of the second quarter. Calpine Corporation makes up approximately 0.6% of George Kaiser Family Foundation’s holdings, making the stock its 13th largest position. George Kaiser Family Foundation’s holdings in Calpine Corporation were worth $1,260,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Calpine Corporation by 55.3% in the fourth quarter. Renaissance Technologies LLC now owns 45,200 shares of the utilities provider’s stock worth $517,000 after buying an additional 16,100 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Calpine Corporation by 0.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 999,692 shares of the utilities provider’s stock worth $11,426,000 after buying an additional 3,641 shares during the period. Gulf International Bank UK Ltd increased its position in shares of Calpine Corporation by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 106,386 shares of the utilities provider’s stock worth $1,175,000 after buying an additional 2,300 shares during the period. Bank of Montreal Can increased its position in shares of Calpine Corporation by 14.9% in the first quarter. Bank of Montreal Can now owns 879,725 shares of the utilities provider’s stock worth $9,721,000 after buying an additional 113,926 shares during the period. Finally, Reliance Trust Co. of Delaware increased its position in shares of Calpine Corporation by 190.7% in the first quarter. Reliance Trust Co. of Delaware now owns 32,903 shares of the utilities provider’s stock worth $363,000 after buying an additional 21,583 shares during the period. Institutional investors own 92.71% of the company’s stock.
Calpine Corporation (NYSE:CPN) opened at 13.66 on Friday. The company has a market capitalization of $4.93 billion, a P/E ratio of 102.71 and a beta of 1.02. The firm has a 50-day moving average of $13.86 and a 200 day moving average of $12.16. Calpine Corporation has a 52-week low of $9.30 and a 52-week high of $14.76.
Calpine Corporation (NYSE:CPN) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.02 by $0.63. Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The business’s revenue was up 79.0% on a year-over-year basis. Equities analysts predict that Calpine Corporation will post $0.53 earnings per share for the current fiscal year.
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CPN has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Calpine Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, April 17th. BMO Capital Markets restated a “buy” rating and set a $14.00 price objective on shares of Calpine Corporation in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Calpine Corporation from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, May 2nd. 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. Finally, Citigroup Inc. set a $15.00 price objective on shares of Calpine Corporation and gave the company a “buy” rating in a research report on Thursday, May 11th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.80.
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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