Parkside Investments LLC Reduces Position in Calpine Corporation (CPN)

Parkside Investments LLC decreased its position in shares of Calpine Corporation (NYSE:CPN) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,755 shares of the utilities provider’s stock after selling 2,500 shares during the period. Calpine Corporation accounts for 1.8% of Parkside Investments LLC’s investment portfolio, making the stock its 23rd largest position. Parkside Investments LLC owned approximately 0.06% of Calpine Corporation worth $2,919,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CPN. World Asset Management Inc raised its stake in shares of Calpine Corporation by 0.5% in the first quarter. World Asset Management Inc now owns 18,500 shares of the utilities provider’s stock worth $204,000 after buying an additional 87 shares during the period. TD Asset Management Inc. raised its stake in shares of Calpine Corporation by 0.5% in the first quarter. TD Asset Management Inc. now owns 55,535 shares of the utilities provider’s stock worth $614,000 after buying an additional 300 shares during the period. Comerica Bank raised its stake in shares of Calpine Corporation by 1.9% in the first quarter. Comerica Bank now owns 22,464 shares of the utilities provider’s stock worth $216,000 after buying an additional 422 shares during the period. First Midwest Bank Trust Division raised its stake in shares of Calpine Corporation by 1.7% in the first quarter. First Midwest Bank Trust Division now owns 59,000 shares of the utilities provider’s stock worth $652,000 after buying an additional 1,000 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Calpine Corporation by 2.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,766 shares of the utilities provider’s stock worth $572,000 after buying an additional 1,025 shares during the period. 90.16% of the stock is owned by institutional investors.

Calpine Corporation (NYSE CPN) opened at 13.81 on Monday. Calpine Corporation has a 12-month low of $9.30 and a 12-month high of $14.76. The company has a market cap of $4.98 billion, a P/E ratio of 103.83 and a beta of 1.02. The stock’s 50 day moving average is $13.86 and its 200-day moving average is $12.18.

Calpine Corporation (NYSE:CPN) last announced its earnings results on Friday, July 28th. The utilities provider reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.63. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 79.0% compared to the same quarter last year. Analysts predict that Calpine Corporation will post $0.53 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada set a $13.00 target price on shares of Calpine Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. Zacks Investment Research lowered shares of Calpine Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Morgan Stanley reissued an “equal weight” rating on shares of Calpine Corporation in a research note on Monday, July 10th. ValuEngine lowered shares of Calpine Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Calpine Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.80.

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.

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

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