Calpine Corporation (CPN) Stake Raised by Nationwide Fund Advisors

Nationwide Fund Advisors raised its stake in shares of Calpine Corporation (NYSE:CPN) by 194.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,766 shares of the utilities provider’s stock after buying an additional 86,369 shares during the period. Nationwide Fund Advisors’ holdings in Calpine Corporation were worth $1,769,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Aviva PLC increased its stake in shares of Calpine Corporation by 18.9% in the second quarter. Aviva PLC now owns 227,447 shares of the utilities provider’s stock worth $3,077,000 after purchasing an additional 36,120 shares during the period. FMR LLC increased its stake in shares of Calpine Corporation by 81.3% in the first quarter. FMR LLC now owns 9,346,866 shares of the utilities provider’s stock worth $103,283,000 after purchasing an additional 4,192,693 shares during the period. Janus Capital Management LLC increased its stake in shares of Calpine Corporation by 1,858.5% in the first quarter. Janus Capital Management LLC now owns 682,532 shares of the utilities provider’s stock worth $7,542,000 after purchasing an additional 647,683 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Calpine Corporation by 83.7% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,800 shares of the utilities provider’s stock worth $175,000 after buying an additional 7,200 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Calpine Corporation during the second quarter worth about $9,242,000. Institutional investors and hedge funds own 96.68% of the company’s stock.

In other news, Director Jack A. Fusco sold 949,525 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $14.72, for a total transaction of $13,977,008.00. Following the sale, the director now 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 is accessible through this hyperlink. Also, Director Jack A. Fusco sold 348,100 shares of the firm’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 sale, the director now directly owns 344,835 shares in the company, valued at approximately $5,079,419.55. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

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Shares of Calpine Corporation (CPN) opened at 14.92 on Friday. The company has a 50 day moving average of $14.77 and a 200-day moving average of $13.45. Calpine Corporation has a 52-week low of $9.30 and a 52-week high of $14.95. The company has a market cap of $5.38 billion, a PE ratio of 112.18 and a beta of 1.02.

Calpine Corporation (NYSE:CPN) last released 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). The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The firm’s revenue for the quarter was up 79.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 earnings per share. Analysts forecast that Calpine Corporation will post $0.24 EPS for the current fiscal year.

A number of research firms recently weighed in on CPN. Zacks Investment Research downgraded Calpine Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded Calpine Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. BMO Capital Markets reissued a “buy” rating and issued a $14.00 target price on shares of Calpine Corporation in a report on Friday, July 28th. ValuEngine raised Calpine Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $15.00 target price on shares of Calpine Corporation in a report on Monday, July 24th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $15.08.

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.

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

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