Calpine Corp. (NYSE:CPN) shares rose 2.8% during trading on Thursday . The stock traded as high as $14.86 and last traded at $14.84, with a volume of 1,350,590 shares traded. The stock had previously closed at $14.43.

CPN has been the subject of several recent analyst reports. Deutsche Bank AG restated a “hold” rating on shares of Calpine Corp. in a research report on Wednesday, May 18th. Zacks Investment Research upgraded shares of Calpine Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. BMO Capital Markets reiterated a “buy” rating on shares of Calpine Corp. in a report on Wednesday, June 22nd. Citigroup Inc. decreased their price objective on shares of Calpine Corp. from $22.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, March 29th. Finally, SunTrust Banks Inc. decreased their price objective on shares of Calpine Corp. from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.19.

The company’s 50 day moving average is $14.59 and its 200 day moving average is $14.46. The stock has a market capitalization of $5.25 billion and a price-to-earnings ratio of 116.11.

Calpine Corp. (NYSE:CPN) last announced its quarterly earnings results on Friday, April 29th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.50. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.38 billion. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) earnings per share. Analysts forecast that Calpine Corp. will post $0.50 earnings per share for the current year.

In other Calpine Corp. news, Director Jack A. Fusco sold 68,000 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $15.76, for a total value of $1,071,680.00. Following the completion of the sale, the director now owns 818,525 shares in the company, valued at approximately $12,899,954. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack A. Fusco sold 235,000 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $14.78, for a total transaction of $3,473,300.00. Following the completion of the sale, the director now owns 852,525 shares of the company’s stock, valued at approximately $12,600,319.50. The disclosure for this sale can be found here.

A number of large investors recently bought and sold shares of CPN. Strategic Global Advisors LLC boosted its stake in Calpine Corp. by 0.8% in the fourth quarter. Strategic Global Advisors LLC now owns 106,288 shares of the company’s stock valued at $1,538,000 after buying an additional 881 shares during the last quarter. California Public Employees Retirement System boosted its stake in Calpine Corp. by 0.6% in the fourth quarter. California Public Employees Retirement System now owns 981,040 shares of the company’s stock valued at $14,196,000 after buying an additional 5,800 shares during the last quarter. BOKF NA boosted its stake in Calpine Corp. by 5.7% in the fourth quarter. BOKF NA now owns 142,576 shares of the company’s stock valued at $2,063,000 after buying an additional 7,731 shares during the last quarter. Andra AP fonden boosted its stake in Calpine Corp. by 8.5% in the fourth quarter. Andra AP fonden now owns 270,900 shares of the company’s stock valued at $3,920,000 after buying an additional 21,200 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Calpine Corp. by 7.1% in the fourth quarter. First Trust Advisors LP now owns 382,112 shares of the company’s stock valued at $5,529,000 after buying an additional 25,407 shares during the last quarter.

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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