Calpine Corporation (NYSE:CPN)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Morgan Stanley in a research report issued on Monday, MarketBeat reports.

Several other research analysts also recently weighed in on CPN. BidaskClub upgraded shares of Calpine Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Citigroup Inc. set a $15.00 price target on shares of Calpine Corporation and gave the stock a “buy” rating in a research report on Thursday, July 6th. Royal Bank Of Canada set a $13.00 price target on shares of Calpine Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Goldman Sachs Group, Inc. (The) downgraded shares of Calpine Corporation from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, Zacks Investment Research upgraded shares of Calpine Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.44.

Shares of Calpine Corporation (NYSE CPN) opened at 13.33 on Monday. The company has a market cap of $4.81 billion, a PE ratio of 20.26 and a beta of 1.01. The company has a 50 day moving average of $13.23 and a 200-day moving average of $11.72. Calpine Corporation has a 12-month low of $9.30 and a 12-month high of $15.12.

Calpine Corporation (NYSE:CPN) last issued its earnings results on Friday, April 28th. The utilities provider reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.15. Calpine Corporation had a negative return on equity of 1.59% and a net margin of 3.17%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business posted ($0.65) EPS. The company’s revenue for the quarter was up 41.2% compared to the same quarter last year. Equities research analysts anticipate that Calpine Corporation will post $0.51 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in CPN. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Calpine Corporation by 10.0% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 46,778,625 shares of the utilities provider’s stock valued at $516,904,000 after buying an additional 4,260,215 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Calpine Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 29,656,389 shares of the utilities provider’s stock valued at $327,703,000 after buying an additional 1,452,101 shares during the last quarter. BlackRock Inc. increased its stake in shares of Calpine Corporation by 3,600.9% in the first quarter. BlackRock Inc. now owns 20,292,848 shares of the utilities provider’s stock valued at $224,236,000 after buying an additional 19,744,525 shares during the last quarter. FMR LLC increased its stake in shares of Calpine Corporation by 81.3% in the first quarter. FMR LLC now owns 9,346,866 shares of the utilities provider’s stock valued at $103,283,000 after buying an additional 4,192,693 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Calpine Corporation by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,106,991 shares of the utilities provider’s stock valued at $89,573,000 after buying an additional 481,749 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

About Calpine Corporation

Calpine Corporation is a power generation company. The Company is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. The Company’s segments include West (including geothermal), Texas and East (including Canada). In the Northeast and Mid-Atlantic regions, the Company has generating units capable of burning either natural gas or fuel oil.

Analyst Recommendations for Calpine Corporation (NYSE:CPN)

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