George Kaiser Family Foundation continued to hold its position in Calpine Corporation (NYSE:CPN) during the second quarter, Holdings Channel reports. The fund owned 93,118 shares of the utilities provider’s stock at the end of the second quarter. Calpine Corporation comprises 0.6% of George Kaiser Family Foundation’s holdings, making the stock its 13th largest position. George Kaiser Family Foundation’s holdings in Calpine Corporation were worth $1,260,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Calpine Corporation by 2.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,766 shares of the utilities provider’s stock valued at $572,000 after buying an additional 1,025 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in 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 in the last quarter. First Midwest Bank Trust Division boosted its position in Calpine Corporation by 1.7% in the first quarter. First Midwest Bank Trust Division now owns 59,000 shares of the utilities provider’s stock valued at $652,000 after buying an additional 1,000 shares in the last quarter. Personal Capital Advisors Corp purchased a new position in Calpine Corporation during the first quarter valued at about $394,000. Finally, Hexavest Inc. purchased a new position in Calpine Corporation during the first quarter valued at about $152,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Calpine Corporation (NYSE:CPN) opened at 13.66 on Friday. The firm has a market capitalization of $4.93 billion, a PE ratio of 102.71 and a beta of 1.02. Calpine Corporation has a 52-week low of $9.30 and a 52-week high of $14.76. The firm’s 50-day moving average is $13.86 and its 200-day moving average is $12.16.

Calpine Corporation (NYSE:CPN) last released its earnings results on Friday, July 28th. The utilities provider reported ($0.61) 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 business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business posted $0.06 EPS. Calpine Corporation’s revenue was up 79.0% compared to the same quarter last year. On average, analysts anticipate that Calpine Corporation will post $0.53 earnings per share for the current year.

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Several research firms recently issued reports on CPN. BMO Capital Markets reiterated a “buy” rating and issued a $14.00 target price on shares of Calpine Corporation in a research note on Friday, July 28th. BidaskClub upgraded shares of Calpine Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of Calpine Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Calpine Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Monday, June 26th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $15.00 price objective on shares of Calpine Corporation in a research report on Monday, July 24th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price 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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