Vega Energy GP LLC continued to hold its stake in Calpine Corporation (NYSE:CPN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,419,850 shares of the utilities provider’s stock at the end of the 2nd quarter. Calpine Corporation accounts for 45.9% of Vega Energy GP LLC’s portfolio, making the stock its largest holding. Vega Energy GP LLC owned about 0.67% of Calpine Corporation worth $32,741,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Calpine Corporation by 47.2% during the second quarter. PNC Financial Services Group Inc. now owns 7,618 shares of the utilities provider’s stock worth $102,000 after buying an additional 2,443 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Calpine Corporation by 85.0% during 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 last quarter. Hourglass Capital LLC bought a new position in Calpine Corporation during the second quarter worth about $135,000. Virtu KCG Holdings LLC boosted its holdings in Calpine Corporation by 1.6% during the second quarter. Virtu KCG Holdings LLC now owns 10,636 shares of the utilities provider’s stock worth $144,000 after buying an additional 167 shares during the last quarter. Finally, Wedbush Securities Inc. bought a new position in Calpine Corporation during the second quarter worth about $145,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

A number of brokerages have issued reports on CPN. Zacks Investment Research cut Calpine Corporation from a “hold” rating to a “strong sell” rating in a report on Monday. Citigroup Inc. cut Calpine Corporation from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $15.00 to $15.25 in a report on Friday, September 8th. Macquarie cut Calpine Corporation from an “outperform” rating to a “neutral” rating in a report on Thursday, August 31st. Royal Bank Of Canada cut Calpine Corporation from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $15.00 to $15.25 in a report on Monday, August 21st. Finally, Guggenheim cut Calpine Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $15.25 in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Calpine Corporation currently has a consensus rating of “Hold” and a consensus target price of $14.97.

In other news, Director Jack A. Fusco sold 348,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $14.73, for a total value of $5,127,513.00. Following the transaction, the director now owns 344,835 shares in the company, valued at $5,079,419.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack A. Fusco sold 949,525 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $14.72, for a total value of $13,977,008.00. Following the completion of the transaction, the director now owns 344,835 shares in the company, valued at approximately $5,075,971.20. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Calpine Corporation (NYSE CPN) remained flat at $14.87 during midday trading on Friday. 1,358,392 shares of the company were exchanged. Calpine Corporation has a 52-week low of $9.30 and a 52-week high of $14.94. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 111.80 and a beta of 1.02. The stock’s 50-day moving average is $14.68 and its 200 day moving average is $13.03.

Calpine Corporation (NYSE:CPN) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.63). The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate 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 was up 79.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 EPS. On average, equities analysts forecast that Calpine Corporation will post $0.43 EPS for the current year.

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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.

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

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