Granite Investment Advisors LLC decreased its stake in shares of Calpine Corporation (NYSE:CPN) by 11.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 462,668 shares of the utilities provider’s stock after selling 57,598 shares during the period. Granite Investment Advisors LLC’s holdings in Calpine Corporation were worth $6,477,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. First Trust Advisors LP raised its stake in shares of Calpine Corporation by 49.6% in the second quarter. First Trust Advisors LP now owns 4,962,179 shares of the utilities provider’s stock valued at $67,138,000 after buying an additional 1,644,994 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Calpine Corporation by 34.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 69,769 shares of the utilities provider’s stock valued at $944,000 after buying an additional 18,003 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Calpine Corporation by 15.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,485,288 shares of the utilities provider’s stock valued at $20,096,000 after buying an additional 195,975 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Calpine Corporation by 0.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,893,215 shares of the utilities provider’s stock valued at $25,615,000 after buying an additional 9,155 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Calpine Corporation during the second quarter valued at approximately $241,000. Institutional investors own 92.71% of the company’s stock.

Shares of Calpine Corporation (CPN) opened at 13.66 on Friday. The stock has a 50 day moving average price of $13.86 and a 200 day moving average price of $12.16. The stock has a market capitalization of $4.93 billion, a P/E ratio of 102.71 and a beta of 1.02. Calpine Corporation has a 52 week low of $9.30 and a 52 week high of $14.76.

Calpine Corporation (NYSE:CPN) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.63. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Calpine Corporation’s revenue was up 79.0% on a year-over-year basis. On average, equities research analysts expect that Calpine Corporation will post $0.53 EPS for the current year.

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Several brokerages recently commented on CPN. BidaskClub lowered Calpine Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets upped their price target on Calpine Corporation from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. ValuEngine raised Calpine Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $15.00 price target on shares of Calpine Corporation in a research note on Monday, July 24th. Finally, Zacks Investment Research downgraded Calpine Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Calpine Corporation has a consensus rating of “Hold” and an average target price of $14.80.

Calpine Corporation Company Profile

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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Institutional Ownership by Quarter for Calpine Corporation (NYSE:CPN)

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