Nuveen Asset Management LLC purchased a new stake in Calpine Corporation (NYSE:CPN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 350,017 shares of the utilities provider’s stock, valued at approximately $3,868,000. Nuveen Asset Management LLC owned about 0.10% of Calpine Corporation as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in Calpine Corporation during the fourth quarter valued at approximately $1,497,000. FMR LLC raised its stake in shares of Calpine Corporation by 81.3% in 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. Two Sigma Investments LP raised its stake in shares of Calpine Corporation by 130.1% in the fourth quarter. Two Sigma Investments LP now owns 14,811 shares of the utilities provider’s stock worth $169,000 after buying an additional 64,011 shares in the last quarter. Personal Capital Advisors Corp bought a new stake in shares of Calpine Corporation during the first quarter worth about $394,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of 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 worth $20,819,000 after buying an additional 197,554 shares in the last quarter. Institutional investors own 93.28% of the company’s stock.
Shares of Calpine Corporation (NYSE:CPN) traded down 1.37% during trading on Friday, reaching $13.72. 4,819,530 shares of the company’s stock were exchanged. Calpine Corporation has a 12-month low of $9.30 and a 12-month high of $14.95. The stock has a 50-day moving average price of $13.50 and a 200 day moving average price of $11.94. The company has a market capitalization of $4.95 billion, a P/E ratio of 20.85 and a beta of 1.01.
Calpine Corporation (NYSE:CPN) last announced its quarterly earnings data on Friday, April 28th. The utilities provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.15. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Calpine Corporation had a net margin of 3.17% and a negative return on equity of 1.59%. The business’s quarterly revenue was up 41.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.65) EPS. Equities analysts expect that Calpine Corporation will post $0.50 EPS for the current fiscal year.
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A number of analysts have recently issued reports on the stock. Royal Bank Of Canada set a $13.00 target price on shares of Calpine Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. Zacks Investment Research downgraded Calpine Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Morgan Stanley restated an “equal weight” rating on shares of Calpine Corporation in a report on Monday, July 10th. ValuEngine downgraded Calpine Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) downgraded Calpine Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Calpine Corporation currently has a consensus rating of “Hold” and an average price target of $14.60.
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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