Personal Capital Advisors Corp Boosts Position in Calpine Corporation (CPN)

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 filing with the Securities and Exchange Commission (SEC). 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 approximately 0.06% of Calpine Corporation worth $3,035,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. World Asset Management Inc raised its stake in Calpine Corporation by 0.5% in the first quarter. World Asset Management Inc now owns 18,500 shares of the utilities provider’s stock valued at $204,000 after buying an additional 87 shares during the period. TD Asset Management Inc. raised its stake in Calpine Corporation by 0.5% in the first quarter. TD Asset Management Inc. now owns 55,535 shares of the utilities provider’s stock valued at $614,000 after buying an additional 300 shares during the period. Comerica Bank raised its stake in Calpine Corporation by 1.9% in the first quarter. Comerica Bank now owns 22,464 shares of the utilities provider’s stock valued at $216,000 after buying an additional 422 shares during the period. First Midwest Bank Trust Division raised its stake in Calpine Corporation by 1.7% in the first quarter. First Midwest Bank Trust Division now owns 59,000 shares of the utilities provider’s stock valued at $652,000 after buying an additional 1,000 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Calpine Corporation by 2.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,766 shares of the utilities provider’s stock valued at $572,000 after buying an additional 1,025 shares during the period. Institutional investors and hedge funds own 90.16% of the company’s stock.

Calpine Corporation (NYSE CPN) opened at 13.92 on Thursday. Calpine Corporation has a 52-week low of $9.30 and a 52-week high of $14.76. The company has a 50-day moving average of $13.87 and a 200-day moving average of $12.23. The company has a market cap of $5.02 billion, a P/E ratio of 104.66 and a beta of 1.02.

Calpine Corporation (NYSE:CPN) last posted its earnings results on Friday, July 28th. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company earned $0.06 EPS. The business’s revenue was up 79.0% compared to the same quarter last year. On average, equities research analysts expect 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 several analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $15.00 target price on shares of Calpine Corporation in a report on Monday, July 24th. Morgan Stanley set a $11.00 target price on shares of Calpine Corporation and gave the stock a “hold” rating in a report on Tuesday, July 11th. BidaskClub lowered shares of Calpine Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered shares of Calpine Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Deutsche Bank AG set a $14.00 target price on shares of Calpine Corporation and gave the stock a “buy” rating in a report on Thursday, May 11th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus 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.