Calpine Corporation (NYSE:CPN) Director Jack A. Fusco sold 348,100 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $14.73, for a total value of $5,127,513.00. Following the completion of the sale, the director now directly owns 344,835 shares of the company’s stock, valued at $5,079,419.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Calpine Corporation (CPN) opened at 14.64 on Monday. Calpine Corporation has a 52 week low of $9.30 and a 52 week high of $14.94. The firm has a 50-day moving average price of $14.06 and a 200-day moving average price of $12.38. The company has a market cap of $5.28 billion, a P/E ratio of 110.08 and a beta of 1.02.

Calpine Corporation (NYSE:CPN) last posted its quarterly earnings data 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. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.15 billion. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The firm’s revenue for the quarter was up 79.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. Equities research analysts anticipate that Calpine Corporation will post $0.48 EPS for the current fiscal year.

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A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Calpine Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Royal Bank Of Canada set a $13.00 price target on Calpine Corporation and gave the company a “buy” rating in a research report on Saturday, June 3rd. BidaskClub lowered Calpine Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Guggenheim lowered Calpine Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $15.25 in a research report on Monday, August 21st. Finally, ValuEngine raised Calpine Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.86.

A number of institutional investors have recently modified their holdings of CPN. Advisors Asset Management Inc. raised its position in shares of 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. First Trust Advisors LP raised its position in shares of Calpine Corporation by 64.9% in the first quarter. First Trust Advisors LP now owns 3,317,185 shares of the utilities provider’s stock worth $36,655,000 after buying an additional 1,305,634 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Calpine Corporation by 1.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,029,882 shares of the utilities provider’s stock worth $11,380,000 after buying an additional 16,206 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Calpine Corporation by 6.7% in the first quarter. Wedge Capital Management L L P NC now owns 69,866 shares of the utilities provider’s stock worth $772,000 after buying an additional 4,384 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in shares of Calpine Corporation by 1.0% in the first quarter. Great West Life Assurance Co. Can now owns 236,157 shares of the utilities provider’s stock worth $2,604,000 after buying an additional 2,274 shares during the period. Institutional investors own 97.16% of the company’s stock.

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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