Vanguard Group Inc. grew its position in Calpine Corporation (NYSE:CPN) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,995,354 shares of the utilities provider’s stock after purchasing an additional 338,965 shares during the quarter. Vanguard Group Inc. owned approximately 8.32% of Calpine Corporation worth $405,837,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Menta Capital LLC bought a new stake in shares of Calpine Corporation in the 2nd quarter valued at $291,000. PNC Financial Services Group Inc. boosted its stake in shares of Calpine Corporation by 47.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,618 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 2,443 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of Calpine Corporation by 39.0% in the 2nd quarter. Profund Advisors LLC now owns 33,688 shares of the utilities provider’s stock valued at $456,000 after purchasing an additional 9,458 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Calpine Corporation by 1.1% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 47,277,028 shares of the utilities provider’s stock valued at $639,658,000 after purchasing an additional 498,403 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Calpine Corporation by 27.0% in the 2nd quarter. Amalgamated Bank now owns 65,223 shares of the utilities provider’s stock valued at $882,000 after purchasing an additional 13,852 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

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

Calpine Corporation (CPN) opened at 14.87 on Friday. The company’s 50-day moving average is $14.68 and its 200 day moving average is $13.03. Calpine Corporation has a 52 week low of $9.30 and a 52 week high of $14.94. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 111.80 and a beta of 1.02.

Calpine Corporation (NYSE:CPN) last issued its quarterly earnings data on Friday, July 28th. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.63). The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. 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 firm posted $0.06 earnings per share. On average, analysts forecast that Calpine Corporation will post $0.43 EPS for the current fiscal year.

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CPN has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Calpine Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Royal Bank Of Canada upped their price objective on shares of Calpine Corporation from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, June 22nd. Macquarie lowered shares of Calpine Corporation from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 31st. BidaskClub raised shares of Calpine Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Guggenheim lowered shares of Calpine Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $15.25 in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.97.

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.

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

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