Calpine Corporation (NYSE:CPN)‘s stock had its “hold” rating restated by investment analysts at SunTrust Banks, Inc. in a research note issued to investors on Friday. They currently have a $15.00 target price on the utilities provider’s stock. SunTrust Banks, Inc.’s price target points to a potential downside of 0.07% from the stock’s previous close.

Several other equities analysts have also recently issued reports on CPN. ValuEngine raised Calpine Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub cut Calpine Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BMO Capital Markets lifted their price objective on Calpine Corporation from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. Zacks Investment Research downgraded Calpine Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, October 2nd. Finally, Guggenheim downgraded Calpine Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $20.00 to $15.25 in a research report on Monday, August 21st. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Calpine Corporation presently has a consensus rating of “Hold” and a consensus target price of $15.08.

Calpine Corporation (CPN) opened at $15.01 on Friday. Calpine Corporation has a 1-year low of $9.30 and a 1-year high of $15.11. The company has a quick ratio of 1.10, a current ratio of 1.33 and a debt-to-equity ratio of 3.39.

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In other news, Director Jack A. Fusco sold 949,525 shares of Calpine Corporation stock in a transaction 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 sale, the director now owns 344,835 shares of the company’s stock, valued at $5,075,971.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jack A. Fusco sold 348,100 shares of Calpine Corporation 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 approximately $5,079,419.55. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC grew its position in shares of 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 valued at $639,658,000 after purchasing an additional 498,403 shares during the period. Vanguard Group Inc. grew its position in shares of Calpine Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 29,995,354 shares of the utilities provider’s stock valued at $405,837,000 after purchasing an additional 338,965 shares during the period. FMR LLC grew its position in shares of Calpine Corporation by 84.0% in the second quarter. FMR LLC now owns 17,194,357 shares of the utilities provider’s stock valued at $232,640,000 after purchasing an additional 7,847,491 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Calpine Corporation by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,993,291 shares of the utilities provider’s stock valued at $147,402,000 after purchasing an additional 600,103 shares during the period. Finally, Pentwater Capital Management LP purchased a new stake in shares of Calpine Corporation in the third quarter valued at $122,425,000. 95.80% of the stock is owned by institutional investors and hedge funds.

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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