Shares of Calpine Corp. (NYSE:CPN) saw strong trading volume on Friday . 7,249,548 shares traded hands during trading, an increase of 126% from the previous session’s volume of 3,205,353 shares.The stock last traded at $13.30 and had previously closed at $14.23.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Calpine Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 8th. SunTrust Banks Inc. decreased their price target on shares of Calpine Corp. from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, May 19th. Deutsche Bank AG raised shares of Calpine Corp. from a “hold” rating to a “buy” rating and lifted their price target for the company from $18.00 to $20.00 in a report on Tuesday. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “buy” rating on shares of Calpine Corp. in a report on Wednesday, June 22nd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Calpine Corp. in a report on Tuesday, May 31st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $20.13.

The stock has a market cap of $4.93 billion and a PE ratio of 109.05. The stock has a 50-day moving average price of $14.36 and a 200 day moving average price of $14.45.

Calpine Corp. (NYSE:CPN) last posted its quarterly earnings data on Friday, July 29th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $0.09 EPS. The company’s revenue was down 19.3% compared to the same quarter last year. Analysts forecast that Calpine Corp. will post $0.49 earnings per share for the current fiscal year.

In related news, Director Jack A. Fusco sold 68,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 818,525 shares in the company, valued at $12,899,954. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jack A. Fusco sold 24,800 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $14.75, for a total transaction of $365,800.00. Following the completion of the transaction, the director now owns 722,825 shares in the company, valued at $10,661,668.75. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the company. ING Groep bought a new position in Calpine Corp. during the third quarter valued at $1,136,000. First Trust Advisors LP boosted its position 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 period. California Public Employees Retirement System boosted its position 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 period. Vanguard Group Inc. boosted its position in Calpine Corp. by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 24,983,343 shares of the company’s stock valued at $361,509,000 after buying an additional 485,896 shares during the period. Finally, Sei Investments Co. boosted its position in Calpine Corp. by 35.2% in the fourth quarter. Sei Investments Co. now owns 156,570 shares of the company’s stock valued at $2,265,000 after buying an additional 40,764 shares during the period.

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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