Calpine Corporation (NYSE:CPN) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $14.96.

A number of equities research analysts have issued reports on CPN shares. Morgan Stanley set a $11.00 target price on Calpine Corporation and gave the company a “hold” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada cut Calpine Corporation from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $15.00 to $15.25 in a research note on Monday, August 21st. BMO Capital Markets raised their target price on Calpine Corporation from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. BidaskClub upgraded Calpine Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Citigroup Inc. set a $15.00 target price on Calpine Corporation and gave the company a “buy” rating in a research note on Thursday, July 6th.

ILLEGAL ACTIVITY WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/11/02/calpine-corporation-cpn-given-consensus-recommendation-of-hold-by-brokerages.html.

In other news, Director Jack A. Fusco sold 949,525 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $14.72, for a total transaction of $13,977,008.00. Following the transaction, the director now directly owns 344,835 shares of the company’s stock, valued at $5,075,971.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack A. Fusco sold 348,100 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $14.73, for a total value of $5,127,513.00. Following the transaction, the director now directly owns 344,835 shares in the company, valued at $5,079,419.55. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Virtu KCG Holdings LLC increased its holdings in shares of Calpine Corporation by 1.6% during the second quarter. Virtu KCG Holdings LLC now owns 10,636 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 167 shares during the period. Comerica Bank grew its holdings in Calpine Corporation by 1.0% during the second quarter. Comerica Bank now owns 22,694 shares of the utilities provider’s stock worth $312,000 after acquiring an additional 230 shares during the period. M&T Bank Corp grew its holdings in Calpine Corporation by 1.8% during the second quarter. M&T Bank Corp now owns 18,748 shares of the utilities provider’s stock worth $253,000 after acquiring an additional 334 shares during the period. Utah Retirement Systems grew its holdings in Calpine Corporation by 0.9% during the second quarter. Utah Retirement Systems now owns 65,779 shares of the utilities provider’s stock worth $890,000 after acquiring an additional 600 shares during the period. Finally, Morningstar Investment Services LLC grew its holdings in Calpine Corporation by 12.1% during the second quarter. Morningstar Investment Services LLC now owns 15,021 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 1,620 shares during the period. 97.95% of the stock is currently owned by institutional investors.

Calpine Corporation Company Profile

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)

Receive News & Ratings for Calpine Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calpine Corporation and related companies with MarketBeat.com's FREE daily email newsletter.