Shares of Calpine Corporation (NYSE:CPN) have been given an average rating of “Hold” by the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $14.96.

A number of analysts have weighed in on the company. Royal Bank Of Canada set a $13.00 price target on Calpine Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. Zacks Investment Research cut Calpine Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Morgan Stanley restated an “equal weight” rating on shares of Calpine Corporation in a research note on Monday, July 10th. Guggenheim cut 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. Finally, Goldman Sachs Group, Inc. (The) cut Calpine Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th.

In related news, Director Jack A. Fusco sold 348,100 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $14.73, for a total transaction of $5,127,513.00. Following the transaction, the director now owns 344,835 shares of the company’s stock, valued at $5,079,419.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jack A. Fusco sold 949,525 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 344,835 shares in the company, valued at approximately $5,075,971.20. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPN. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Calpine Corporation by 2.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,766 shares of the utilities provider’s stock worth $572,000 after buying an additional 1,025 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Calpine Corporation by 1.0% during the first quarter. Great West Life Assurance Co. Can now owns 236,157 shares of the utilities provider’s stock worth $2,604,000 after buying an additional 2,274 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Calpine Corporation by 1.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,029,882 shares of the utilities provider’s stock worth $11,380,000 after buying an additional 16,206 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Calpine Corporation by 20.7% during the first quarter. Advisors Asset Management Inc. now owns 10,106 shares of the utilities provider’s stock worth $112,000 after buying an additional 1,732 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Calpine Corporation by 30.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,630 shares of the utilities provider’s stock worth $235,000 after buying an additional 4,768 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Calpine Corporation (CPN) traded up 0.07% on Wednesday, reaching $14.70. The company had a trading volume of 10,900,769 shares. The firm has a market capitalization of $5.30 billion, a PE ratio of 110.53 and a beta of 1.01. The firm’s 50 day moving average is $14.42 and its 200 day moving average is $12.69. Calpine Corporation has a 12 month low of $9.30 and a 12 month high of $14.94.

Calpine Corporation (NYSE:CPN) last posted its quarterly earnings results on Friday, July 28th. The utilities provider reported ($0.61) earnings per share 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 business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $0.06 earnings per share. The firm’s quarterly revenue was up 79.0% on a year-over-year basis. On average, equities research analysts expect that Calpine Corporation will post $0.43 earnings per share for the current fiscal year.

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About Calpine Corporation

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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