Teachers Insurance & Annuity Association of America Has $30,148,000 Holdings in Calpine Corporation (NYSE:CPN)

Teachers Insurance & Annuity Association of America continued to hold its stake in shares of Calpine Corporation (NYSE:CPN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,228,216 shares of the utilities provider’s stock at the close of the 2nd quarter. Calpine Corporation comprises 1.0% of Teachers Insurance & Annuity Association of America’s investment portfolio, making the stock its 13th largest holding. Teachers Insurance & Annuity Association of America owned about 0.62% of Calpine Corporation worth $30,148,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CPN. PNC Financial Services Group Inc. boosted its holdings in shares of Calpine Corporation by 47.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,618 shares of the utilities provider’s stock valued at $102,000 after buying an additional 2,443 shares in the last quarter. Nordea Investment Management AB boosted its stake in Calpine Corporation by 85.0% in the 1st quarter. Nordea Investment Management AB now owns 9,935 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 4,565 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Calpine Corporation by 20.7% in the 1st quarter. Advisors Asset Management Inc. now owns 10,106 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 1,732 shares in the last quarter. BB&T Securities LLC acquired a new stake in Calpine Corporation in the 1st quarter worth approximately $134,000. Finally, Hourglass Capital LLC acquired a new stake in Calpine Corporation in the 2nd quarter worth approximately $135,000. 96.87% of the stock is currently owned by institutional investors.

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In related news, Director Jack A. Fusco sold 348,100 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 344,835 shares of the company’s stock, valued at approximately $5,079,419.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack A. Fusco sold 949,525 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 344,835 shares of the company’s stock, valued at $5,075,971.20. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Shares of Calpine Corporation (NYSE CPN) opened at 14.66 on Friday. Calpine Corporation has a 52 week low of $9.30 and a 52 week high of $14.94. The firm’s 50-day moving average is $14.43 and its 200 day moving average is $12.74. The firm has a market cap of $5.29 billion, a PE ratio of 110.23 and a beta of 1.01.

Calpine Corporation (NYSE:CPN) last announced its 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 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%. Calpine Corporation’s revenue for the quarter was up 79.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. Equities research analysts forecast that Calpine Corporation will post $0.43 EPS for the current year.

CPN has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Calpine Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Royal Bank Of Canada set a $13.00 target price on shares of Calpine Corporation and gave the company a “buy” rating in a report on Saturday, June 3rd. Macquarie lowered shares of Calpine Corporation from an “outperform” rating to a “neutral” rating in a report on Thursday, August 31st. BidaskClub raised shares of Calpine Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, ValuEngine lowered shares of Calpine Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.98.

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.

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

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