Shares of Calpine Corp. (NYSE:CPN) saw strong trading volume on Friday . 7,249,548 shares were traded during mid-day 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.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Calpine Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Deutsche Bank AG reiterated a “hold” rating and issued a $18.00 target price on shares of Calpine Corp. in a research note on Tuesday, April 19th. Royal Bank Of Canada reiterated a “buy” rating on shares of Calpine Corp. in a research note on Tuesday, May 31st. SunTrust Banks Inc. cut their target price on Calpine Corp. from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, May 19th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Calpine Corp. in a research note on Wednesday, June 22nd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Calpine Corp. presently has an average rating of “Buy” and an average price target of $20.13.

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

Calpine Corp. (NYSE:CPN) last released its quarterly earnings data on Friday, July 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.06. During the same period last year, the firm posted $0.09 earnings per share. The firm earned $1.16 billion during the quarter, compared to the consensus estimate of $1.29 billion. The firm’s revenue was down 19.3% on a year-over-year basis. On average, equities research analysts anticipate that Calpine Corp. will post $0.53 EPS for the current year.

In related news, Director Jack A. Fusco sold 235,000 shares of Calpine Corp. stock in a transaction that occurred on 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 approximately $12,600,319.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jack A. Fusco sold 154,600 shares of Calpine Corp. stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $14.72, for a total value of $2,275,712.00. Following the sale, the director now directly owns 737,625 shares of the company’s stock, valued at $10,857,840. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake 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 last quarter. Dimensional Fund Advisors LP boosted its stake in Calpine Corp. by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,408,374 shares of the company’s stock valued at $78,249,000 after buying an additional 208,044 shares during the last quarter. Jennison Associates LLC boosted its stake in Calpine Corp. by 16.9% in the fourth quarter. Jennison Associates LLC now owns 4,496,968 shares of the company’s stock valued at $65,071,000 after buying an additional 648,505 shares during the last quarter. 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. Finally, KBC Group NV boosted its stake in Calpine Corp. by 39.5% in the fourth quarter. KBC Group NV now owns 328,793 shares of the company’s stock valued at $4,758,000 after buying an additional 93,078 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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