Shares of Calpine Corporation (NYSE:CPN) have received an average rating of “Hold” from the fourteen research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $14.96.

Several brokerages have recently weighed in on CPN. ValuEngine raised Calpine Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub cut Calpine Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research cut Calpine Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, October 2nd. BMO Capital Markets increased their price target on Calpine Corporation from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Finally, Guggenheim cut Calpine Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $15.25 in a research note on Monday, August 21st.

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In other Calpine Corporation news, Director Jack A. Fusco sold 348,100 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jack A. Fusco sold 949,525 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was 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 corporate insiders.

A number of large investors have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC boosted its holdings in Calpine Corporation by 1.1% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 47,277,028 shares of the utilities provider’s stock worth $639,658,000 after acquiring an additional 498,403 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Calpine Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 29,995,354 shares of the utilities provider’s stock worth $405,837,000 after acquiring an additional 338,965 shares in the last quarter. BlackRock Inc. boosted its holdings 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 worth $224,236,000 after acquiring an additional 19,744,525 shares in the last quarter. FMR LLC boosted its holdings in Calpine Corporation by 84.0% in the second quarter. FMR LLC now owns 17,194,357 shares of the utilities provider’s stock worth $232,640,000 after acquiring an additional 7,847,491 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Calpine Corporation by 15.9% in the second quarter. Dimensional Fund Advisors LP now owns 9,393,188 shares of the utilities provider’s stock worth $127,091,000 after acquiring an additional 1,286,197 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Shares of Calpine Corporation (NYSE CPN) traded up 0.41% during trading on Friday, reaching $14.86. The company’s stock had a trading volume of 6,035,026 shares. Calpine Corporation has a 12 month low of $9.30 and a 12 month high of $14.94. The firm has a market cap of $5.36 billion, a PE ratio of 111.73 and a beta of 1.02. The company’s 50 day moving average price is $14.72 and its 200 day moving average price is $13.15.

Calpine Corporation (NYSE:CPN) last issued 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 analyst estimates of $1.15 billion. Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The company’s quarterly revenue was up 79.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. On average, equities analysts predict that Calpine Corporation will post $0.43 earnings per share for the current year.

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.

Analyst Recommendations for Calpine Corporation (NYSE:CPN)

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