Calpine Corporation (CPN) : Round Table Services scooped up 35,000 additional shares in Calpine Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 80,500 shares of Calpine Corporation which is valued at $1,205,085.Calpine Corporation makes up approximately 0.74% of Round Table Services’s portfolio.
Calpine Corporation opened for trading at $15.4 and hit $15.645 on the upside on Wednesday, eventually ending the session at $15.57, with a gain of 0.84% or 0.13 points. The heightened volatility saw the trading volume jump to 50,45,437 shares. Company has a market cap of $5,553 M.
Other Hedge Funds, Including , Btr Capital Management Inc reduced its stake in CPN by selling 8,300 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 459,360 shares of CPN which is valued at $6,876,619. Calpine Corporation makes up approx 1.58% of Btr Capital Management Inc’s portfolio. Simplex Trading sold out all of its stake in CPN during the most recent quarter. The investment firm sold 9,315 shares of CPN which is valued $139,446.British Columbia Investment Management Corp reduced its stake in CPN by selling 105,616 shares or 69.38% in the most recent quarter. The Hedge Fund company now holds 46,603 shares of CPN which is valued at $675,277. Calpine Corporation makes up approx 0.01% of British Columbia Investment Management Corp’s portfolio.Creative Planning boosted its stake in CPN in the latest quarter, The investment management firm added 11,970 additional shares and now holds a total of 43,312 shares of Calpine Corporation which is valued at $627,591. Lgt Capital Partners Ltd. added CPN to its portfolio by purchasing 160,000 company shares during the most recent quarter which is valued at $2,318,400. Calpine Corporation makes up approx 0.42% of Lgt Capital Partners Ltd.’s portfolio.
On the company’s financial health, Calpine Corporation reported $-0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 12, 2016. Analyst had a consensus of $-0.20. The company had revenue of $1436.00 million for the quarter, compared to analysts expectations of $1210.18 million. The company’s revenue was down -25.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.
Many Wall Street Analysts have commented on Calpine Corporation. Calpine Corporation was Downgraded by Argus to ” Hold” on Mar 8, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 16, 2016 to “Outperform” and Lowered the Price Target to $ 20 from a previous price target of $21 .Calpine Corporation was Initiated by Guggenheim to “Buy” on Jan 29, 2016.
Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power steam capacity renewable energy credits and ancillary services to its customers which include utilities independent electric system operators industrial and agricultural companies retail power providers municipalities power marketers and others. Its segments are West (including geothermal) Texas and East (including Canada). The Company’s portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines which are primarily combined-cycle plants and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines as well as cogeneration power plants. It owns 88 power plants including one under construction plant with an aggregate generation capacity of 26548 megawatt (MW) and 309 MW under construction.