Calpine Corp. (NYSE:CPN)’s share price traded down 2.8% during mid-day trading on Friday . The company traded as low as $12.21 and last traded at $12.22, with a volume of 1,181,388 shares traded. The stock had previously closed at $12.57.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Calpine Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 8th. SunTrust Banks Inc. dropped their price target on shares of Calpine Corp. from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, May 19th. Deutsche Bank AG upgraded shares of Calpine Corp. from a “hold” rating to a “buy” rating and upped their price target for the stock from $18.00 to $20.00 in a research note on Tuesday, July 26th. They noted that the move was a valuation call. BMO Capital Markets dropped their price target on shares of Calpine Corp. from $19.00 to $17.00 and set an “outperform” rating on the stock in a research note on Monday, August 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Calpine Corp. in a research note on Tuesday, May 31st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Calpine Corp. currently has a consensus rating of “Buy” and an average price target of $19.79.

The company’s 50 day moving average is $13.84 and its 200-day moving average is $14.31. The firm’s market capitalization is $4.40 billion.

Calpine Corp. (NYSE:CPN) last issued its quarterly earnings data 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 the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Calpine Corp.’s quarterly revenue was down 19.3% compared to the same quarter last year. On average, equities research analysts expect that Calpine Corp. will post $0.45 earnings per share for the current fiscal year.

In other Calpine Corp. news, Director Jack A. Fusco sold 68,000 shares of the firm’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $15.76, for a total value of $1,071,680.00. Following the completion of the sale, the director now owns 818,525 shares of the company’s stock, valued at $12,899,954. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jack A. Fusco sold 24,800 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $14.75, for a total value of $365,800.00. Following the completion of the sale, the director now directly owns 722,825 shares of the company’s stock, valued at approximately $10,661,668.75. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of the company. Suntrust Banks Inc. acquired a new stake in shares of Calpine Corp. during the fourth quarter valued at $1,225,000. 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 valued at $4,758,000 after buying an additional 93,078 shares in 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 valued at $65,071,000 after buying an additional 648,505 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 in 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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