Cedar Hill Associates LLC cut its stake in shares of Calpine Corporation (NYSE:CPN) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 646,630 shares of the utilities provider’s stock after selling 27,345 shares during the period. Calpine Corporation makes up 1.8% of Cedar Hill Associates LLC’s holdings, making the stock its 26th biggest holding. Cedar Hill Associates LLC owned approximately 0.18% of Calpine Corporation worth $8,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Calpine Corporation by 1.1% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 47,277,028 shares of the utilities provider’s stock valued at $639,658,000 after purchasing an additional 498,403 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Calpine Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 29,995,354 shares of the utilities provider’s stock valued at $405,837,000 after purchasing an additional 338,965 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Calpine Corporation by 3,600.9% in the first quarter. BlackRock Inc. now owns 20,292,848 shares of the utilities provider’s stock valued at $224,236,000 after purchasing an additional 19,744,525 shares in the last quarter. FMR LLC grew its holdings in shares of Calpine Corporation by 84.0% in the second quarter. FMR LLC now owns 17,194,357 shares of the utilities provider’s stock valued at $232,640,000 after purchasing an additional 7,847,491 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Calpine Corporation by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,106,991 shares of the utilities provider’s stock valued at $89,573,000 after purchasing an additional 481,749 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

CPN has been the subject of a number of research reports. Zacks Investment Research cut shares of Calpine Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Royal Bank Of Canada set a $13.00 price objective on shares of Calpine Corporation and gave the company a “buy” rating in a report on Saturday, June 3rd. Macquarie cut shares of Calpine Corporation from an “outperform” rating to a “neutral” rating in a report on Thursday, August 31st. BidaskClub upgraded shares of Calpine Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, ValuEngine cut shares of Calpine Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Calpine Corporation currently has an average rating of “Hold” and a consensus price target of $14.98.

In other Calpine Corporation news, Director Jack A. Fusco sold 949,525 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $14.72, for a total value of $13,977,008.00. Following the completion of the sale, the director now owns 344,835 shares of the company’s stock, valued at $5,075,971.20. 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 348,100 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $14.73, for a total transaction of $5,127,513.00. Following the completion of the sale, the director now directly owns 344,835 shares of the company’s stock, valued at approximately $5,079,419.55. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

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Shares of Calpine Corporation (NYSE CPN) traded down 0.20% on Friday, reaching $14.66. 7,255,590 shares of the company were exchanged. The company has a 50-day moving average price of $14.43 and a 200 day moving average price of $12.74. The stock has a market capitalization of $5.29 billion, a PE ratio of 110.23 and a beta of 1.01. Calpine Corporation has a 1-year low of $9.30 and a 1-year high of $14.94.

Calpine Corporation (NYSE:CPN) last issued its quarterly earnings data on Friday, July 28th. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.63). Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business earned $0.06 EPS. The firm’s revenue was up 79.0% compared to the same quarter last year. On average, analysts forecast that Calpine Corporation will post $0.43 EPS for the current fiscal year.

Calpine Corporation 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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