Calpine Corp. (NYSE:CPN) shares traded down 3% during trading on Thursday . The stock traded as low as $13.08 and last traded at $13.11, with a volume of 2,128,294 shares traded. The stock had previously closed at $13.52.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Calpine Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $18.00 price objective on shares of Calpine Corp. in a research note on Tuesday, April 19th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Calpine Corp. in a research note on Tuesday, May 31st. SunTrust Banks Inc. dropped their price objective on shares of Calpine Corp. from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, May 19th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Calpine Corp. in a research note on Wednesday, June 22nd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.79.

The company has a 50-day moving average price of $14.32 and a 200 day moving average price of $14.45. The stock’s market capitalization is $4.66 billion.

Calpine Corp. (NYSE:CPN) last issued its earnings results on Friday, July 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.06. The business earned $1.16 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s revenue was down 19.3% on a year-over-year basis. Analysts predict that Calpine Corp. will post $0.52 EPS for the current fiscal year.

In other Calpine Corp. news, Director Jack A. Fusco sold 154,600 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 737,625 shares of the company’s stock, valued at approximately $10,857,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack A. Fusco sold 235,000 shares of the firm’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $14.78, for a total value 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.

Other hedge funds recently modified their holdings of the company. ING Groep bought a new stake in shares of Calpine Corp. during the third quarter worth about $1,136,000. Suntrust Banks Inc. bought a new stake in shares of Calpine Corp. during the fourth quarter worth about $1,225,000. Andra AP fonden increased its stake in shares of Calpine Corp. by 8.5% in the fourth quarter. Andra AP fonden now owns 270,900 shares of the company’s stock worth $3,920,000 after buying an additional 21,200 shares during the period. KBC Group NV increased its stake in shares of Calpine Corp. by 39.5% in the fourth quarter. KBC Group NV now owns 328,793 shares of the company’s stock worth $4,758,000 after buying an additional 93,078 shares during the period. Finally, 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 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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