Teachers Advisors LLC raised its position in Calpine Corporation (NYSE:CPN) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 843,383 shares of the utilities provider’s stock after purchasing an additional 2,487 shares during the period. Teachers Advisors LLC owned about 0.23% of Calpine Corporation worth $11,411,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Calpine Corporation by 3,600.9% during the 1st quarter. BlackRock Inc. now owns 20,292,848 shares of the utilities provider’s stock worth $224,236,000 after purchasing an additional 19,744,525 shares during the last quarter. FMR LLC grew its holdings in shares of Calpine Corporation by 81.3% during the first quarter. FMR LLC now owns 9,346,866 shares of the utilities provider’s stock worth $103,283,000 after buying an additional 4,192,693 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Calpine Corporation by 49.6% during the second quarter. First Trust Advisors LP now owns 4,962,179 shares of the utilities provider’s stock worth $67,138,000 after buying an additional 1,644,994 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Calpine Corporation by 5.1% during the first quarter. Vanguard Group Inc. now owns 29,656,389 shares of the utilities provider’s stock worth $327,703,000 after buying an additional 1,452,101 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Calpine Corporation by 2,811.0% during the first quarter. Renaissance Technologies LLC now owns 1,315,758 shares of the utilities provider’s stock worth $14,539,000 after buying an additional 1,270,558 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

In other Calpine Corporation news, Director Jack A. Fusco sold 348,100 shares of Calpine Corporation stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $14.73, for a total transaction of $5,127,513.00. Following the transaction, the director now owns 344,835 shares of the company’s stock, valued at approximately $5,079,419.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack A. Fusco sold 949,525 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $14.72, for a total value of $13,977,008.00. Following the completion of the transaction, the director now owns 344,835 shares in the company, valued at approximately $5,075,971.20. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

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Shares of Calpine Corporation (NYSE CPN) opened at 14.75 on Monday. The stock’s 50 day moving average price is $14.43 and its 200-day moving average price is $12.74. Calpine Corporation has a 12-month low of $9.30 and a 12-month high of $14.94. The firm has a market capitalization of $5.32 billion, a P/E ratio of 110.90 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 for the quarter, missing the consensus estimate of $0.02 by ($0.63). The business had revenue of $2.08 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 79.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. On average, equities analysts expect that Calpine Corporation will post $0.43 EPS for the current year.

Several equities analysts recently issued reports on the stock. Guggenheim downgraded shares of Calpine Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $15.25 in a research note on Monday, August 21st. Royal Bank Of Canada cut shares of Calpine Corporation from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $15.00 to $15.25 in a research note on Monday, August 21st. Zacks Investment Research cut shares of Calpine Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Citigroup Inc. downgraded Calpine Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the company from $15.00 to $15.25 in a report on Friday, September 8th. Finally, Macquarie downgraded Calpine Corporation from an “outperform” rating to a “neutral” rating in a report on Thursday, August 31st. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Calpine Corporation presently has an average rating of “Hold” and a consensus price target of $14.98.

Calpine Corporation 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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