Cutter & CO Brokerage Inc. cut its stake in Calpine Corporation (NYSE:CPN) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,040 shares of the utilities provider’s stock after selling 1,000 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Calpine Corporation were worth $1,421,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Calpine Corporation by 3,600.9% in the first quarter. BlackRock Inc. now owns 20,292,848 shares of the utilities provider’s stock valued at $224,236,000 after buying an additional 19,744,525 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in 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 valued at $516,904,000 after buying an additional 4,260,215 shares during the last quarter. FMR LLC raised its stake in Calpine Corporation by 81.3% in the first quarter. FMR LLC now owns 9,346,866 shares of the utilities provider’s stock valued at $103,283,000 after buying an additional 4,192,693 shares during the last quarter. First Trust Advisors LP raised its stake in Calpine Corporation by 49.6% in the second quarter. First Trust Advisors LP now owns 4,962,179 shares of the utilities provider’s stock valued at $67,138,000 after buying an additional 1,644,994 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Calpine Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 29,656,389 shares of the utilities provider’s stock valued at $327,703,000 after buying an additional 1,452,101 shares during the last quarter. Hedge funds and other institutional investors own 90.16% of the company’s stock.

Calpine Corporation (CPN) traded down 0.07% during midday trading on Friday, reaching $14.66. 374,329 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $14.02 and its 200-day moving average price is $12.35. The stock has a market cap of $5.29 billion, a PE ratio of 110.23 and a beta of 1.02. Calpine Corporation has a one year low of $9.30 and a one year high of $14.94.

Calpine Corporation (NYSE:CPN) last issued 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 during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 79.0% on a year-over-year basis. Equities analysts predict that Calpine Corporation will post $0.48 earnings per share for the current year.

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Several analysts have recently issued reports on CPN shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $15.00 target price on shares of Calpine Corporation in a research note on Monday, July 24th. Morgan Stanley set a $11.00 price target on shares of Calpine Corporation and gave the company a “hold” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of Calpine Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered shares of Calpine Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Deutsche Bank AG set a $14.00 price target on shares of Calpine Corporation and gave the company a “buy” rating in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Calpine Corporation has an average rating of “Hold” and a consensus target price of $14.86.

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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