BMO Capital Markets reaffirmed their buy rating on shares of Calpine Corporation (NYSE:CPN) in a report published on Friday morning. BMO Capital Markets currently has a $14.00 target price on the utilities provider’s stock.

CPN has been the topic of a number of other research reports. Morgan Stanley set a $11.00 price objective on shares of Calpine Corporation and gave the company a hold rating in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Calpine Corporation from a sell rating to a hold rating in a research report on Tuesday, June 27th. Royal Bank Of Canada restated a buy rating and issued a $15.00 price objective on shares of Calpine Corporation in a research report on Monday, July 24th. ValuEngine upgraded shares of Calpine Corporation from a sell rating to a hold rating in a research report on Tuesday, May 16th. Finally, Deutsche Bank AG set a $14.00 price target on shares of Calpine Corporation and gave the company a buy rating in a research report on Thursday, May 11th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $14.80.

Shares of Calpine Corporation (CPN) opened at 14.38 on Friday. Calpine Corporation has a one year low of $9.30 and a one year high of $14.76. The firm’s 50-day moving average price is $13.70 and its 200-day moving average price is $12.05. The firm has a market capitalization of $5.19 billion, a P/E ratio of 108.12 and a beta of 1.01.

Calpine Corporation (NYSE:CPN) last released its quarterly earnings data on Friday, July 28th. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $0.06 EPS. Calpine Corporation’s revenue was up 79.0% compared to the same quarter last year. On average, equities analysts forecast that Calpine Corporation will post $0.53 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in CPN. Nordea Investment Management AB increased its stake in shares of Calpine Corporation by 85.0% in the first quarter. Nordea Investment Management AB now owns 9,935 shares of the utilities provider’s stock valued at $110,000 after buying an additional 4,565 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Calpine Corporation by 20.7% in the first quarter. Advisors Asset Management Inc. now owns 10,106 shares of the utilities provider’s stock valued at $112,000 after buying an additional 1,732 shares during the last quarter. BB&T Securities LLC acquired a new position in shares of Calpine Corporation during the first quarter valued at $134,000. Eagle Global Advisors LLC acquired a new position in shares of Calpine Corporation during the second quarter valued at $172,000. Finally, Morningstar Investment Services LLC acquired a new position in shares of Calpine Corporation during the first quarter valued at $148,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

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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