Shufro Rose & Co. LLC purchased a new position in Calpine Corporation (NYSE:CPN) during the second quarter, according to its most recent filing with the SEC. The firm purchased 389,900 shares of the utilities provider’s stock, valued at approximately $5,275,000. Shufro Rose & Co. LLC owned approximately 0.11% of Calpine Corporation as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC increased its position in shares of Calpine Corporation by 10.0% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 46,778,625 shares of the utilities provider’s stock worth $516,904,000 after buying an additional 4,260,215 shares during the period. Vanguard Group Inc. increased its position in shares of Calpine Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 29,656,389 shares of the utilities provider’s stock worth $327,703,000 after buying an additional 1,452,101 shares during the period. BlackRock Inc. increased its position in shares of Calpine Corporation by 3,600.9% in the first quarter. BlackRock Inc. now owns 20,292,848 shares of the utilities provider’s stock worth $224,236,000 after buying an additional 19,744,525 shares during the period. FMR LLC increased its position in shares of Calpine Corporation by 81.3% in the first quarter. FMR LLC now owns 9,346,866 shares of the utilities provider’s stock worth $103,283,000 after buying an additional 4,192,693 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Calpine Corporation by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,106,991 shares of the utilities provider’s stock worth $89,573,000 after buying an additional 481,749 shares during the period. Hedge funds and other institutional investors own 90.16% of the company’s stock.

Calpine Corporation (CPN) opened at 13.81 on Monday. Calpine Corporation has a 52-week low of $9.30 and a 52-week high of $14.76. The company’s 50 day moving average is $13.86 and its 200-day moving average is $12.18. The firm has a market cap of $4.98 billion, a P/E ratio of 103.83 and a beta of 1.02.

Calpine Corporation (NYSE:CPN) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.63. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The business’s revenue was up 79.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. On average, equities analysts predict that Calpine Corporation will post $0.53 EPS for the current fiscal year.

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CPN has been the topic of a number of recent analyst reports. Deutsche Bank AG set a $14.00 price target on shares of Calpine Corporation and gave the stock a “buy” rating in a research report on Thursday, May 11th. Royal Bank Of Canada set a $13.00 price target on shares of Calpine Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Citigroup Inc. set a $15.00 price target on shares of Calpine Corporation and gave the stock a “buy” rating in a research report on Thursday, May 11th. Zacks Investment Research downgraded shares of Calpine Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) dropped their price target 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. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Calpine Corporation 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.

Institutional Ownership by Quarter for Calpine Corporation (NYSE:CPN)

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