SunTrust Banks, Inc. reiterated their hold rating on shares of Calpine Corporation (NYSE:CPN) in a research note published on Friday. They currently have a $15.00 price objective on the utilities provider’s stock.

Several other equities research analysts have also recently commented on CPN. ValuEngine raised shares of Calpine Corporation from a sell rating to a hold rating in a research report on Friday, July 28th. BidaskClub cut shares of Calpine Corporation from a buy rating to a hold rating in a research report on Thursday, August 10th. BMO Capital Markets boosted their price objective on shares of Calpine Corporation from $14.00 to $16.00 and gave the company an outperform rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of Calpine Corporation from a hold rating to a strong sell rating in a research report on Monday, October 2nd. Finally, Guggenheim cut shares of Calpine Corporation from a buy rating to a neutral rating and cut their price target for the stock from $20.00 to $15.25 in a research report on Monday, August 21st. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $15.08.

Shares of Calpine Corporation (CPN) opened at $15.01 on Friday. Calpine Corporation has a 52-week low of $9.30 and a 52-week high of $15.11. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.33 and a quick ratio of 1.10.

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In other news, Director Jack A. Fusco sold 949,525 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 344,835 shares of the company’s stock, valued at approximately $5,075,971.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jack A. Fusco sold 348,100 shares of the company’s stock in a transaction dated 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 in the company, valued at $5,079,419.55. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of CPN. PNC Financial Services Group Inc. raised its holdings in shares of Calpine Corporation by 47.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,618 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 2,443 shares during the period. Hourglass Capital LLC bought a new stake in shares of Calpine Corporation in the 2nd quarter valued at about $135,000. Virtu KCG Holdings LLC raised its holdings in shares of Calpine Corporation by 1.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 10,636 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 167 shares during the period. Wedbush Securities Inc. bought a new stake in shares of Calpine Corporation in the 2nd quarter valued at about $145,000. Finally, Bfsg LLC bought a new stake in shares of Calpine Corporation in the 2nd quarter valued at about $161,000. 99.57% of the stock is currently owned by institutional investors.

About Calpine Corporation

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.

Analyst Recommendations for Calpine Corporation (NYSE:CPN)

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