Investors bought shares of Calpine Corporation (NYSE:CPN) on weakness during trading on Friday. $46.86 million flowed into the stock on the tick-up and $28.99 million flowed out of the stock on the tick-down, for a money net flow of $17.87 million into the stock. Of all equities tracked, Calpine Corporation had the 25th highest net in-flow for the day. Calpine Corporation traded down ($0.12) for the day and closed at $14.67

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada cut shares of Calpine Corporation from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $15.00 to $15.25 in a research report on Monday, August 21st. Guggenheim cut shares of Calpine Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $15.25 in a research report on Monday, August 21st. Zacks Investment Research cut shares of Calpine Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Citigroup Inc. cut shares of Calpine Corporation from a “buy” rating to a “neutral” rating and increased their target price for the company from $15.00 to $15.25 in a research report on Friday, September 8th. Finally, Macquarie cut shares of Calpine Corporation from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 31st. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.08.

The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 110.30 and a beta of 1.02. The stock has a 50-day moving average price of $14.72 and a 200-day moving average price of $13.22.

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 consensus estimate of $0.02 by ($0.63). The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The firm’s quarterly revenue was up 79.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. Equities analysts expect that Calpine Corporation will post $0.36 EPS for the current year.

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

Several large investors have recently modified their holdings of CPN. PNC Financial Services Group Inc. lifted its position in shares of Calpine Corporation by 47.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,618 shares of the utilities provider’s stock worth $102,000 after buying an additional 2,443 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Calpine Corporation by 85.0% during the 1st quarter. Nordea Investment Management AB now owns 9,935 shares of the utilities provider’s stock worth $110,000 after buying an additional 4,565 shares during the last quarter. BB&T Securities LLC purchased a new stake in shares of Calpine Corporation during the 1st quarter worth approximately $134,000. Hourglass Capital LLC purchased a new stake in shares of Calpine Corporation during the 2nd quarter worth approximately $135,000. Finally, Virtu KCG Holdings LLC lifted its position in shares of Calpine Corporation by 1.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 10,636 shares of the utilities provider’s stock worth $144,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

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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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