Canada Pension Plan Investment Board

recently revealed that they own 0.6% of Calpine Corporation (NYSE:CPN) in a Schedule 13D disclosure that was filed with the SEC on Monday, August 28th. The investor owns 2,111,215 shares of the stock valued at $30,697,066. The disclosure is available through Edgar at this hyperlink.

Canada Pension Plan Investment Board

provided the following explanation of their ownership:

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A number of other institutional investors have also made changes to their positions in the stock. FMR LLC boosted its position in shares of Calpine Corporation by 81.3% in the first quarter. FMR LLC now owns 9,346,866 shares of the utilities provider’s stock valued at $103,283,000 after buying an additional 4,192,693 shares during the period. Janus Capital Management LLC boosted its position in shares of Calpine Corporation by 1,858.5% in the first quarter. Janus Capital Management LLC now owns 682,532 shares of the utilities provider’s stock valued at $7,542,000 after buying an additional 647,683 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Calpine Corporation by 83.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,800 shares of the utilities provider’s stock valued at $175,000 after buying an additional 7,200 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Calpine Corporation by 11.7% in the first quarter. Canada Pension Plan Investment Board now owns 1,884,060 shares of the utilities provider’s stock valued at $20,819,000 after buying an additional 197,554 shares during the period. Finally, United Services Automobile Association boosted its position in shares of Calpine Corporation by 24.7% in the first quarter. United Services Automobile Association now owns 30,119 shares of the utilities provider’s stock valued at $333,000 after buying an additional 5,971 shares during the period. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Shares of Calpine Corporation (NYSE:CPN) traded down 0.68% on Monday, reaching $14.54. 17,405,537 shares of the company traded hands. The stock has a market capitalization of $5.24 billion, a P/E ratio of 109.32 and a beta of 1.02. The stock’s 50 day moving average price is $14.06 and its 200-day moving average price is $12.38. Calpine Corporation has a one year low of $9.30 and a one year high of $14.94.

Calpine Corporation (NYSE:CPN) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.02 by $0.63. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The business’s quarterly revenue was up 79.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 EPS. Equities analysts forecast that Calpine Corporation will post $0.48 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on CPN. Morgan Stanley set a $11.00 price objective on shares of Calpine Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada cut shares of Calpine Corporation from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $15.00 to $15.25 in a research report on Monday, August 21st. BidaskClub upgraded shares of Calpine Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. BMO Capital Markets increased their price objective on shares of Calpine Corporation from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. Finally, Citigroup Inc. set a $15.00 price objective on shares of Calpine Corporation and gave the stock a “buy” rating in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Calpine Corporation has an average rating of “Hold” and an average target price of $14.86.

In other news, Director Jack A. Fusco sold 949,525 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $14.72, for a total transaction of $13,977,008.00. Following the transaction, the director now owns 344,835 shares in the company, valued at $5,075,971.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jack A. Fusco sold 348,100 shares of the firm’s 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 transaction, the director now owns 344,835 shares in the company, valued at approximately $5,079,419.55. The disclosure for this sale can be found here. Company insiders own 1.20% 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.

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

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