Calpine Corporation (CPN) : Cutter Co Brokerage scooped up 350 additional shares in Calpine Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 116,665 shares of Calpine Corporation which is valued at $1,577,311.Calpine Corporation makes up approximately 0.67% of Cutter Co Brokerage’s portfolio.
Other Hedge Funds, Including , Howard Hughes Medical Institute boosted its stake in CPN in the latest quarter, The investment management firm added 8,921 additional shares and now holds a total of 15,842 shares of Calpine Corporation which is valued at $214,184. Calpine Corporation makes up approx 0.07% of Howard Hughes Medical Institute’s portfolio.Northern Capital Management reduced its stake in CPN by selling 1,710 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 258,440 shares of CPN which is valued at $3,633,666. Calpine Corporation makes up approx 1.56% of Northern Capital Management’s portfolio.Old Mutual Global Investors (uk) Ltd. reduced its stake in CPN by selling 768,146 shares or 64.21% in the most recent quarter. The Hedge Fund company now holds 428,147 shares of CPN which is valued at $6,319,450. Calpine Corporation makes up approx 0.11% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Seabridge Investment Advisors boosted its stake in CPN in the latest quarter, The investment management firm added 558 additional shares and now holds a total of 68,994 shares of Calpine Corporation which is valued at $1,018,351. Calpine Corporation makes up approx 0.23% of Seabridge Investment Advisors’s portfolio.
Calpine Corporation opened for trading at $13.07 and hit $13.25 on the upside on Monday, eventually ending the session at $13.09, with a gain of 0.61% or 0.08 points. The heightened volatility saw the trading volume jump to 36,49,840 shares. Company has a market cap of $4,701 M.
On the company’s financial health, Calpine Corporation reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.03. The company had revenue of $1164.00 million for the quarter, compared to analysts expectations of $1274.90 million. The company’s revenue was down -19.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.
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.