Calpine Corporation (CPN) : Viking Global Investors Lp scooped up 9,873,137 additional shares in Calpine Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 20,366,388 shares of Calpine Corporation which is valued at $259,264,119.Calpine Corporation makes up approximately 1.02% of Viking Global Investors Lp’s portfolio.
Other Hedge Funds, Including , Invictus Rg reduced its stake in CPN by selling 23,781 shares or 66.57% in the most recent quarter. The Hedge Fund company now holds 11,944 shares of CPN which is valued at $152,047. Calpine Corporation makes up approx 0.15% of Invictus Rg’s portfolio.Andra Ap-fonden reduced its stake in CPN by selling 122,100 shares or 42.51% in the most recent quarter. The Hedge Fund company now holds 165,100 shares of CPN which is valued at $2,101,723. Calpine Corporation makes up approx 0.05% of Andra Ap-fonden’s portfolio. Morningstar Investment Services sold out all of its stake in CPN during the most recent quarter. The investment firm sold 18,720 shares of CPN which is valued $243,547. Tarbox Group added CPN to its portfolio by purchasing 65 company shares during the most recent quarter which is valued at $893. Seven Bridges Advisors added CPN to its portfolio by purchasing 6,932 company shares during the most recent quarter which is valued at $97,464. Calpine Corporation makes up approx 0.08% of Seven Bridges Advisors’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.