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

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Calpine Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Calpine Corp. in a research report on Tuesday, May 31st. BMO Capital Markets dropped their target price on shares of Calpine Corp. from $19.00 to $17.00 and set an “outperform” rating on the stock in a research report on Monday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating and set a $18.00 target price on shares of Calpine Corp. in a research report on Tuesday, April 19th. Finally, SunTrust Banks Inc. dropped their target price on shares of Calpine Corp. from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $19.79.

The stock’s market cap is $4.67 billion. The company’s 50 day moving average is $14.26 and its 200 day moving average is $14.43.

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

In other Calpine Corp. news, Director Jack A. Fusco sold 68,000 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $15.76, for a total transaction of $1,071,680.00. Following the transaction, the director now owns 818,525 shares in the company, valued at approximately $12,899,954. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack A. Fusco sold 154,600 shares of the 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 transaction, the director now owns 737,625 shares in the company, valued at approximately $10,857,840. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. ING Groep purchased a new position in Calpine Corp. during the third quarter valued at $1,136,000. 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 last quarter. Dimensional Fund Advisors LP boosted its position 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 position 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. Finally, Andra AP fonden boosted its position 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.

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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