First Trust Advisors LP boosted its position in shares of Calpine Corporation (NYSE:CPN) by 49.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,962,179 shares of the utilities provider’s stock after buying an additional 1,644,994 shares during the period. First Trust Advisors LP’s holdings in Calpine Corporation were worth $67,138,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Calpine Corporation by 34.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 69,769 shares of the utilities provider’s stock worth $944,000 after buying an additional 18,003 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Calpine Corporation by 15.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,485,288 shares of the utilities provider’s stock worth $20,096,000 after buying an additional 195,975 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Calpine Corporation by 0.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,893,215 shares of the utilities provider’s stock worth $25,615,000 after buying an additional 9,155 shares during the last quarter. Trexquant Investment LP purchased a new position in Calpine Corporation during the second quarter worth $241,000. Finally, Blue Sky Asset Management LLC purchased a new position in Calpine Corporation during the second quarter worth $1,131,000. 92.71% of the stock is owned by institutional investors.

Calpine Corporation (NYSE:CPN) opened at 13.81 on Friday. Calpine Corporation has a 12 month low of $9.30 and a 12 month high of $14.76. The stock’s 50 day moving average is $13.86 and its 200 day moving average is $12.18. The company has a market cap of $4.98 billion, a PE ratio of 103.83 and a beta of 1.02.

Calpine Corporation (NYSE:CPN) last posted its quarterly earnings results on Friday, July 28th. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.63. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.15 billion. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The business’s revenue for the quarter was up 79.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. Equities analysts predict that Calpine Corporation will post $0.53 earnings per share for the current year.

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A number of equities analysts have weighed in on the stock. BidaskClub cut shares of Calpine Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets upped their price objective on shares of Calpine Corporation from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. ValuEngine raised shares of Calpine Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $15.00 price objective on shares of Calpine Corporation in a research report on Monday, July 24th. Finally, Zacks Investment Research cut shares of Calpine Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.80.

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.

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

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