Teilinger Capital Ltd. Exits Position in Calpine Corporation (CPN)

Calpine Corporation (CPN) : Teilinger Capital Ltd. has sold out all of its stake in Calpine Corporation during the most recent quarter, according to the disclosure filed by the company on May 2, 2016 with the SEC. The investment management company has sold out 200,102 shares of Calpine Corporation which is valued at $3,057,559.

Calpine Corporation opened for trading at $14.87 and hit $15.28 on the upside on Friday, eventually ending the session at $15.28, with a gain of 1.87% or 0.28 points. The heightened volatility saw the trading volume jump to 27,91,157 shares. Company has a market cap of $5,486 M.

Other Hedge Funds, Including , Campbell Co Investment Adviser added CPN to its portfolio by purchasing 13,448 company shares during the most recent quarter which is valued at $205,485. Calpine Corporation makes up approx 0.75% of Campbell Co Investment Adviser’s portfolio.First Mercantile Trust Co boosted its stake in CPN in the latest quarter, The investment management firm added 135 additional shares and now holds a total of 67,941 shares of Calpine Corporation which is valued at $1,072,109. Calpine Corporation makes up approx 0.13% of First Mercantile Trust Co’s portfolio.Community Bank Trust Waco Texas boosted its stake in CPN in the latest quarter, The investment management firm added 14,910 additional shares and now holds a total of 65,435 shares of Calpine Corporation which is valued at $1,032,564. Calpine Corporation makes up approx 0.59% of Community Bank Trust Waco Texas’s portfolio. Butensky Cohen Financial Security Inc sold out all of its stake in CPN during the most recent quarter. The investment firm sold 103 shares of CPN which is valued $1,587. New York State Teachers Retirement System sold out all of its stake in CPN during the most recent quarter. The investment firm sold 23,500 shares of CPN which is valued $362,135.

On the company’s financial health, Calpine Corporation reported $-0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.50 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $-0.15. The company had revenue of $1615.00 million for the quarter, compared to analysts expectations of $1034.23 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 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 (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.

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