Carlson Capital L P buys $145,396,905 stake in Calpine Corporation (CPN)

Calpine Corporation (CPN) : Carlson Capital L P scooped up 149,185 additional shares in Calpine Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 12,555,864 shares of Calpine Corporation which is valued at $145,396,905.Calpine Corporation makes up approximately 1.85% of Carlson Capital L P’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in CPN by selling 1,155,951 shares or 82.43% in the most recent quarter. The Hedge Fund company now holds 246,470 shares of CPN which is valued at $2,770,323. Calpine Corporation makes up approx 0.01% of D. E. Shaw’s portfolio. Cowen Prime Services added CPN to its portfolio by purchasing 208,650 company shares during the most recent quarter which is valued at $2,393,216. Calpine Corporation makes up approx 1.18% of Cowen Prime Services’s portfolio.Granite Investment Advisors boosted its stake in CPN in the latest quarter, The investment management firm added 163,295 additional shares and now holds a total of 514,941 shares of Calpine Corporation which is valued at $5,715,845. Calpine Corporation makes up approx 1.22% of Granite Investment Advisors’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in CPN by selling 2,554 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 73,290 shares of CPN which is valued at $798,128. Calpine Corporation makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.State Of Wisconsin Investment Board reduced its stake in CPN by selling 121,500 shares or 14.38% in the most recent quarter. The Hedge Fund company now holds 723,513 shares of CPN which is valued at $8,537,453. Calpine Corporation makes up approx 0.03% of State Of Wisconsin Investment Board’s portfolio.

Calpine Corporation closed down -0.22 points or -1.86% at $11.63 with 19,07,879 shares getting traded on Monday. Post opening the session at $11.84, the shares hit an intraday low of $11.62 and an intraday high of $11.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Calpine Corporation reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $0.59. The company had revenue of $2355.00 million for the quarter, compared to analysts expectations of $1612.32 million. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 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.

Leave a Reply

Calpine Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Calpine Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.