Morningstar Investment Services LLC raised its stake in shares of Calpine Corporation (NYSE:CPN) by 12.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 15,021 shares of the utilities provider’s stock after buying an additional 1,620 shares during the period. Morningstar Investment Services LLC’s holdings in Calpine Corporation were worth $203,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CPN. LMR Partners LLP acquired a new position in shares of Calpine Corporation during the second quarter valued at $4,707,000. Shufro Rose & Co. LLC acquired a new position in shares of Calpine Corporation during the second quarter valued at $5,275,000. Gargoyle Investment Advisor L.L.C. acquired a new position in shares of Calpine Corporation during the second quarter valued at $812,000. Wedbush Securities Inc. acquired a new position in shares of Calpine Corporation during the second quarter valued at $145,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Calpine Corporation during the second quarter valued at $391,000. 90.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Calpine Corporation (NYSE:CPN) opened at 13.91 on Wednesday. Calpine Corporation has a 12-month low of $9.30 and a 12-month high of $14.76. The company has a market cap of $5.02 billion, a PE ratio of 104.59 and a beta of 1.02. The company has a 50 day moving average of $13.86 and a 200-day moving average of $12.21.

Calpine Corporation (NYSE:CPN) last issued its quarterly earnings data 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. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The firm’s revenue for the quarter was up 79.0% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. Equities research analysts anticipate that Calpine Corporation will post $0.53 earnings per share for the current year.

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Several research firms have commented on CPN. BidaskClub cut shares of Calpine Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BMO Capital Markets lifted their target price 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. 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 set a $15.00 target price 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $14.80.

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.

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

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