Wall Street's Consensus Rating Shows Calpine Corporation (NYSE:CPN) Growning 1.1%

Lloyd Doyle
October 20, 2017

On Tuesday, Shares of Calpine Corporation (NYSE: CPN) expressed a change of -0.20% and is now trading at $14.81. The fund owned 226,925 shares of the utilities provider's stock after buying an additional 199,425 shares during the quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Virtu KCG Holdings LLC increased its position in Calpine Corporation by 1.6% in the second quarter.

A smart way of assessing a company's profitability is by checking out its latest Earnings per Share (EPS). As of quarter end Sailingstone Capital Partners LLC had acquired 4,119,718 shares growing its stake by 10.6%. Wedbush Securities Inc. purchased a new stake in Calpine Corporation in the second quarter worth $145,000. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. If you are viewing this piece on another publication, it was stolen and reposted in violation of US and global copyright and trademark laws. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/19/arrowstreet-capital-limited-partnership-purchases-199425-shares-of-calpine-corporation-cpn.html.

Calpine Corporation (NYSE CPN) opened at 14.86 on Thursday.

Calpine Corp. (NYSE:CPN) touched its 1-Year High price of $14.94 on 08/21/17 and its 1-Year Low price of $ 9.30 on 04/28/17. The stock closing price is now trading upward to its 50 day moving average with change of 1.90%, escalated to its 20 day moving average with figure of 0.57% and above its 200 day moving average with value 16.70%.

Analysts believe that the company has the potential to earn average revenue of $1.74 Billion for the current quarter.

Calpine Corporation (CPN) have shown a high EPS growth of 21.60% in the last 5 years and has earnings decline of -59.90% yoy.

For the current quarter, 6 analysts are projecting a mean EPS of $0.59/share. Profund Ltd Company has invested 0.02% in Calpine Corporation (NYSE:CPN). The average analysts gave this company a mean recommendation of 2.50. Calpine Corporation's quarterly revenue was up 79.0% on a year-over-year basis. In the last earnings report the EPS was $0.13 and is estimated to be $0.36 for the current year with 360,670,000 shares now outstanding. The value of the investment in CPN went from $427,568,000 to $579,269,000 a change of 35.5% for the reporting period. Over the last three months, the shares of the company have changed 6.83% and performed 47.42% over the last six months. Teachers Insur And Annuity Association Of America holds 1.05% of its portfolio in Calpine Corporation (NYSE:CPN) for 2.23 million shares.

Analysts await Calpine Corporation (NYSE:CPN) to report earnings on October, 27. The stock has "Neutral" rating by Goldman Sachs on Monday, July 10. Deutsche Bank maintained Calpine Corporation (NYSE:CPN) on Friday, July 31 with "Buy" rating. Morgan Stanley reiterated an "equal weight" rating on shares of Calpine Corporation in a research report on Monday, July 10th. Out of 9 total analysts who were surveyed, 8 rated it hold, and 1 rated it a Strong Buy. The shares were sold at an average price of $14.72, for a total value of $13,977,008.00.

In related news, Director Jack A. Fusco sold 348,100 shares of the stock in a transaction on Wednesday, August 23rd.

The P/E ratio is 111.73 and the market value is 5.36B. Following the completion of the transaction, the director now owns 344,835 shares in the company, valued at $5,079,419.55. Director Jack A. Fusco let go of 949,525 shares at a price of $14.72 on Thursday the 24th. Cutler Group LP now owns 3,087 shares valued at $45,000. The disclosure for this sale can be found here. Using advanced technologies, Calpine generates electricity in a reliable and environmentally responsible manner for the customers and communities it serves. The Company's divisions include West, Texas and East (including Canada).

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