BNP Paribas Arbitrage SA Acquires 3,687 Shares of Calpine Corp. (CPN)
BNP Paribas Arbitrage SA boosted its position in Calpine Corp. (NYSE:CPN) by 18.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,878 shares of the company’s stock after buying an additional 3,687 shares during the period. BNP Paribas Arbitrage SA’s holdings in Calpine Corp. were worth $352,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Calpine Corp. by 2.5% in the first quarter. State Street Corp now owns 6,996,542 shares of the company’s stock worth $106,128,000 after buying an additional 168,694 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Calpine Corp. by 151.7% in the first quarter. Canada Pension Plan Investment Board now owns 1,191,706 shares of the company’s stock worth $18,078,000 after buying an additional 718,200 shares in the last quarter. Credit Agricole S A increased its stake in shares of Calpine Corp. by 4.2% in the first quarter. Credit Agricole S A now owns 53,662 shares of the company’s stock worth $814,000 after buying an additional 2,143 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Calpine Corp. during the first quarter worth about $207,000. Finally, Columbia Partners L L C Investment Management purchased a new stake in shares of Calpine Corp. during the first quarter worth about $940,000. Institutional investors and hedge funds own 92.69% of the company’s stock.
Calpine Corp. (NYSE:CPN) traded up 1.30% during midday trading on Friday, hitting $13.29. 6,152,308 shares of the stock traded hands. The company’s market cap is $4.77 billion. The company’s 50-day moving average is $12.97 and its 200-day moving average is $14.23. Calpine Corp. has a one year low of $11.53 and a one year high of $16.60.
Calpine Corp. (NYSE:CPN) last posted its quarterly earnings data on Friday, July 29th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.06. The firm earned $1.16 billion during the quarter, compared to analyst estimates of $1.29 billion. Calpine Corp. had a negative net margin of 0.02% and a positive return on equity of 10.79%. The business’s quarterly revenue was down 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. Equities research analysts expect that Calpine Corp. will post $0.44 EPS for the current fiscal year.
A number of brokerages have recently issued reports on CPN. Royal Bank Of Canada restated a “buy” rating on shares of Calpine Corp. in a report on Tuesday, May 31st. Deutsche Bank AG upgraded shares of Calpine Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $18.00 to $20.00 in a report on Tuesday, July 26th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Calpine Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 8th. BMO Capital Markets restated a “buy” rating on shares of Calpine Corp. in a report on Wednesday, June 22nd. Finally, SunTrust Banks Inc. cut their price target on shares of Calpine Corp. from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, August 24th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $19.71.
In other news, Director Jack A. Fusco sold 154,600 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $14.72, for a total value of $2,275,712.00. Following the completion of the transaction, the director now owns 737,625 shares of the company’s stock, valued at $10,857,840. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jack A. Fusco sold 24,800 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $14.75, for a total transaction of $365,800.00. Following the completion of the transaction, the director now directly owns 722,825 shares of the company’s stock, valued at approximately $10,661,668.75. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
Calpine Corp. 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.
Want to see what other hedge funds are holding CPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Calpine Corp. (NYSE:CPN).
Receive News & Ratings for Calpine Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calpine Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.