Calpine Co. (CPN) Given Average Rating of “Hold” by Brokerages

Calpine Co. (NYSE:CPN) has received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.54.

CPN has been the subject of a number of analyst reports. Zacks Investment Research lowered Calpine from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. SunTrust Banks restated a “hold” rating and set a $15.00 price objective on shares of Calpine in a research report on Friday, November 17th. Finally, Royal Bank of Canada restated a “hold” rating and set a $15.25 price objective on shares of Calpine in a research report on Monday, October 30th.

Calpine (NYSE:CPN) traded up $0.03 during trading hours on Friday, reaching $15.10. The company had a trading volume of 3,367,143 shares, compared to its average volume of 4,088,977. Calpine has a twelve month low of $9.30 and a twelve month high of $15.16. The firm has a market cap of $5,433.77, a price-to-earnings ratio of -215.68, a P/E/G ratio of 2.70 and a beta of 0.96. The company has a quick ratio of 1.10, a current ratio of 1.33 and a debt-to-equity ratio of 3.39.

In other news, EVP W. Thaddeus Miller sold 177,627 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $15.12, for a total value of $2,685,720.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thad Hill sold 38,304 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $15.08, for a total value of $577,624.32. Following the completion of the sale, the chief executive officer now directly owns 559,237 shares in the company, valued at approximately $8,433,293.96. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Virtu KCG Holdings LLC raised its stake in shares of Calpine by 1.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 10,636 shares of the utilities provider’s stock worth $144,000 after buying an additional 167 shares in the last quarter. M&T Bank Corp raised its stake in shares of Calpine by 1.8% in the 2nd quarter. M&T Bank Corp now owns 18,748 shares of the utilities provider’s stock worth $253,000 after buying an additional 334 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Calpine by 47.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,618 shares of the utilities provider’s stock worth $102,000 after buying an additional 2,443 shares in the last quarter. Aperio Group LLC raised its position in shares of Calpine by 4.0% during the fourth quarter. Aperio Group LLC now owns 113,516 shares of the utilities provider’s stock worth $1,717,000 after purchasing an additional 4,402 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of Calpine by 11.3% during the third quarter. Pacer Advisors Inc. now owns 51,685 shares of the utilities provider’s stock worth $762,000 after purchasing an additional 5,252 shares during the period. 86.45% of the stock is currently owned by institutional investors.

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About Calpine

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 (NYSE:CPN)

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