Calpine Corp. (NYSE:CPN)’s share price shot up 2.8% during mid-day trading on Thursday . The company traded as high as $14.86 and last traded at $14.84, with a volume of 1,350,590 shares. The stock had previously closed at $14.43.

A number of research firms have issued reports on CPN. Zacks Investment Research upgraded Calpine Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Deutsche Bank AG restated a “hold” rating and issued a $18.00 price objective on shares of Calpine Corp. in a report on Tuesday, April 19th. Royal Bank Of Canada restated a “buy” rating on shares of Calpine Corp. in a report on Tuesday, May 31st. SunTrust Banks Inc. decreased their price objective on Calpine Corp. from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Finally, Citigroup Inc. decreased their price objective on Calpine Corp. from $22.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, March 29th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Calpine Corp. presently has an average rating of “Buy” and an average price target of $19.96.

The company has a market capitalization of $5.30 billion and a PE ratio of 117.14. The stock has a 50 day moving average of $14.56 and a 200 day moving average of $14.46.

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

In other news, Director Jack A. Fusco sold 54,600 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $15.00, for a total transaction of $819,000.00. Following the completion of the sale, the director now directly owns 684,525 shares of the company’s stock, valued at $10,267,875. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jack A. Fusco sold 235,000 shares of the company’s stock in a transaction dated Tuesday, May 31st. The stock was 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 directly owns 852,525 shares of the company’s stock, valued at $12,600,319.50. The disclosure for this sale can be found here.

A number of large investors have recently modified their holdings of CPN. Harris Associates L P increased its stake in shares of Calpine Corp. by 16.2% in the fourth quarter. Harris Associates L P now owns 14,709,304 shares of the company’s stock worth $212,844,000 after buying an additional 2,048,305 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Calpine Corp. by 16.9% in the fourth quarter. Jennison Associates LLC now owns 4,496,968 shares of the company’s stock worth $65,071,000 after buying an additional 648,505 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Calpine Corp. by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 24,983,343 shares of the company’s stock worth $361,509,000 after buying an additional 485,896 shares during the last quarter. Ecofin Ltd. increased its stake in shares of Calpine Corp. by 44.7% in the fourth quarter. Ecofin Ltd. now owns 1,439,237 shares of the company’s stock worth $20,826,000 after buying an additional 444,396 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Calpine Corp. by 1,371.2% in the fourth quarter. Teacher Retirement System of Texas now owns 278,742 shares of the company’s stock worth $4,033,000 after buying an additional 259,795 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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