Calpine Corporation (CPN) : Apollo Management Holdings added new position in Calpine Corporation during the most recent quarter end. The investment management firm now holds 200,000 shares of Calpine Corporation which is valued at $2.9 Million , the company said in a statement filed on May 12, 2016 with the SEC.Calpine Corporation makes up approximately 0.11% of Apollo Management Holdings’s portfolio.
Other Hedge Funds, Including , Meeder Asset Management Inc reduced its stake in CPN by selling 1,971 shares or 8.6% in the most recent quarter. The Hedge Fund company now holds 20,937 shares of CPN which is valued at $307,983. Calpine Corporation makes up approx 0.03% of Meeder Asset Management Inc’s portfolio. Trexquant Investment Lp added CPN to its portfolio by purchasing 124,147 company shares during the most recent quarter which is valued at $1.8 Million. Calpine Corporation makes up approx 0.22% of Trexquant Investment Lp’s portfolio. Airain Ltd added CPN to its portfolio by purchasing 60,655 company shares during the most recent quarter which is valued at $892,235. Calpine Corporation makes up approx 0.06% of Airain Ltd’s portfolio. Checchi Capital Advisers added CPN to its portfolio by purchasing 2,424 company shares during the most recent quarter which is valued at $37,039. Calpine Corporation makes up approx 0.01% of Checchi Capital Advisers’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in CPN by selling 5,795 shares or 6.51% in the most recent quarter. The Hedge Fund company now holds 83,274 shares of CPN which is valued at $1.3 Million. Calpine Corporation makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.
Calpine Corporation opened for trading at $14.55 and hit $14.98 on the upside on Friday, eventually ending the session at $14.95, with a gain of 2.89% or 0.42 points. The heightened volatility saw the trading volume jump to 37,68,126 shares. Company has a market cap of $5,367 M.
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.