UBS Asset Management Americas Inc. lessened its holdings in Calpine Corporation (NYSE:CPN) by 57.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 452,288 shares of the utilities provider’s stock after selling 622,359 shares during the period. UBS Asset Management Americas Inc. owned about 0.13% of Calpine Corporation worth $6,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. increased 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 in the last quarter. Profund Advisors LLC increased 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 in the last quarter. Hotchkis & Wiley Capital Management LLC increased 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 in the last quarter. Amalgamated Bank increased 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 in the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Calpine Corporation by 194.5% in the 2nd quarter. Nationwide Fund Advisors now owns 130,766 shares of the utilities provider’s stock valued at $1,769,000 after purchasing an additional 86,369 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CPN has been the subject of several recent analyst reports. Zacks Investment Research lowered Calpine Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Royal Bank Of Canada lifted their price target on 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 Calpine Corporation from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 31st. BidaskClub upgraded Calpine Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Guggenheim lowered Calpine Corporation from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.00 to $15.25 in a research note on Monday, August 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.84.

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

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Shares of Calpine Corporation (CPN) opened at 14.86 on Friday. The firm’s 50-day moving average price is $14.72 and its 200 day moving average price is $13.06. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 111.73 and a beta of 1.02. Calpine Corporation has a 1-year low of $9.30 and a 1-year high of $14.94.

Calpine Corporation (NYSE:CPN) last issued its earnings results 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). Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business posted $0.06 earnings per share. The company’s quarterly revenue was up 79.0% on a year-over-year basis. Equities research analysts expect that Calpine Corporation will post $0.43 earnings per share for the current fiscal year.

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.

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

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