Nationwide Fund Advisors raised its stake in Calpine Corporation (NYSE:CPN) by 194.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,766 shares of the utilities provider’s stock after acquiring an additional 86,369 shares during the period. Nationwide Fund Advisors’ holdings in Calpine Corporation were worth $1,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of 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. FMR LLC raised its holdings in shares of 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 holdings in shares of 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. Vanguard Group Inc. raised its holdings in shares of 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. Finally, Renaissance Technologies LLC raised its holdings in shares of Calpine Corporation by 2,811.0% in the first quarter. Renaissance Technologies LLC now owns 1,315,758 shares of the utilities provider’s stock valued at $14,539,000 after buying an additional 1,270,558 shares during the last quarter. Institutional investors own 96.86% of the company’s stock.

CPN has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $15.00 target price on shares of Calpine Corporation in a report on Monday, July 24th. Macquarie cut shares of Calpine Corporation from an “outperform” rating to a “neutral” rating in a report on Thursday, August 31st. Morgan Stanley set a $11.00 target price on shares of Calpine Corporation and gave the company a “hold” rating in a report on Tuesday, July 11th. BidaskClub cut shares of Calpine Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Citigroup Inc. set a $15.00 target price on shares of Calpine Corporation and gave the company a “buy” rating in a report on Thursday, July 6th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $15.08.

Shares of Calpine Corporation (CPN) opened at 14.80 on Wednesday. Calpine Corporation has a 52-week low of $9.30 and a 52-week high of $14.94. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 111.28 and a beta of 1.02. The stock has a 50 day moving average of $14.72 and a 200 day moving average of $13.24.

Calpine Corporation (NYSE:CPN) last released its earnings results on Friday, July 28th. The utilities provider reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.63). Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The firm’s revenue for the quarter was up 79.0% compared to the same quarter last year. On average, analysts predict that Calpine Corporation will post $0.36 EPS for the current fiscal year.

In other news, Director Jack A. Fusco sold 348,100 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 344,835 shares in the company, valued at $5,079,419.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack A. Fusco sold 949,525 shares of the business’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 transaction of $13,977,008.00. Following the sale, 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 insiders.

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

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