Calpine Corporation (CPN) : Ls Power Partners Ii reduced its stake in Calpine Corporation by 46.07% during the most recent quarter end. The investment management company now holds a total of 9,148,737 shares of Calpine Corporation which is valued at $116,463,422 after selling 7,814,119 shares in Calpine Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Calpine Corporation makes up approximately 100.00% of Ls Power Partners Ii’s portfolio.
Other Hedge Funds, Including , Brandywine Global Investment Management boosted its stake in CPN in the latest quarter, The investment management firm added 1,283,715 additional shares and now holds a total of 3,256,290 shares of Calpine Corporation which is valued at $41,452,572. Calpine Corporation makes up approx 0.27% of Brandywine Global Investment Management’s portfolio.Janus Capital Management boosted its stake in CPN in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 37,500 shares of Calpine Corporation which is valued at $477,375. Clinton Group Inc added CPN to its portfolio by purchasing 176,038 company shares during the most recent quarter which is valued at $2,240,964. Calpine Corporation makes up approx 0.09% of Clinton Group Inc’s portfolio.Blackrock Investment Management boosted its stake in CPN in the latest quarter, The investment management firm added 19,777 additional shares and now holds a total of 437,767 shares of Calpine Corporation which is valued at $5,572,774. Calpine Corporation makes up approx 0.01% of Blackrock Investment Management’s portfolio.
Calpine Corporation closed down -0.35 points or -2.80% at $12.13 with 33,51,165 shares getting traded on Thursday. Post opening the session at $12.54, the shares hit an intraday low of $12.07 and an intraday high of $12.56 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.