US Bancorp DE Has $287,000 Position in Calpine Corporation (CPN)

US Bancorp DE cut its position in shares of Calpine Corporation (NYSE:CPN) by 8.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 21,228 shares of the utilities provider’s stock after selling 2,028 shares during the period. US Bancorp DE’s holdings in Calpine Corporation were worth $287,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. 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 during the period. 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 during the period. BB&T Securities LLC purchased a new stake in Calpine Corporation during the first quarter worth approximately $134,000. Morningstar Investment Services LLC purchased a new stake in Calpine Corporation during the first quarter worth approximately $148,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Calpine Corporation by 83.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,800 shares of the utilities provider’s stock worth $175,000 after buying an additional 7,200 shares during the period. Institutional investors own 90.16% of the company’s stock.

Calpine Corporation (NYSE CPN) traded down 0.302% during trading on Tuesday, hitting $14.835. The company had a trading volume of 12,084,345 shares. The company has a market cap of $5.35 billion, a PE ratio of 111.541 and a beta of 1.02. Calpine Corporation has a 12 month low of $9.30 and a 12 month high of $14.94. The company’s 50 day moving average price is $13.94 and its 200-day moving average price is $12.29.

Calpine Corporation (NYSE:CPN) last announced its earnings results on Friday, July 28th. The utilities provider reported ($0.61) earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.06 earnings per share. The company’s revenue was up 79.0% on a year-over-year basis. Equities analysts expect that Calpine Corporation will post $0.53 earnings per share for the current year.

A number of analysts have recently commented on CPN shares. Royal Bank Of Canada set a $13.00 target price on Calpine Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Zacks Investment Research upgraded Calpine Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, June 26th. Goldman Sachs Group, Inc. (The) cut their target price on Calpine Corporation from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, May 2nd. BMO Capital Markets reiterated a “buy” rating and set a $14.00 target price on shares of Calpine Corporation in a research report on Friday, April 28th. Finally, Citigroup Inc. set a $15.00 target price on Calpine Corporation and gave the stock a “buy” rating in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Calpine Corporation presently has an average rating of “Hold” and a consensus target price of $14.86.

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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