Calpine Corporation (CPN) Stake Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its stake in Calpine Corporation (NYSE:CPN) by 3.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 52,400 shares of the utilities provider’s stock after buying an additional 1,900 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Calpine Corporation were worth $579,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CPN. Hotchkis & Wiley Capital Management LLC boosted its position in 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. boosted its position in 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. boosted its position in 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 boosted its position in 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 boosted its position in 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. Institutional investors own 93.28% of the company’s stock.

Shares of Calpine Corporation (NYSE CPN) opened at 14.12 on Tuesday. The firm’s 50-day moving average price is $13.23 and its 200-day moving average price is $11.72. The firm has a market cap of $5.09 billion, a PE ratio of 21.46 and a beta of 1.01. Calpine Corporation has a one year low of $9.30 and a one year high of $15.08.

Calpine Corporation (NYSE:CPN) last announced its earnings results on Friday, April 28th. The utilities provider reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.15. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $1.16 billion. Calpine Corporation had a negative return on equity of 1.59% and a net margin of 3.17%. Calpine Corporation’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.65) EPS. Equities research analysts expect that Calpine Corporation will post $0.50 earnings per share for the current fiscal year.

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CPN has been the topic of several recent analyst reports. Deutsche Bank AG set a $14.00 target price on Calpine Corporation and gave the stock a “buy” rating in a research report on Thursday, May 11th. Royal Bank Of Canada set a $13.00 target price on Calpine Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Citigroup Inc. set a $15.00 price target on Calpine Corporation and gave the stock a “buy” rating in a report on Thursday, May 11th. Zacks Investment Research cut Calpine Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) lowered their price target on Calpine Corporation from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.60.

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.

Institutional Ownership by Quarter for Calpine Corporation (NYSE:CPN)

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