Calpine Corporation (CPN) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC lessened its holdings in shares of Calpine Corporation (NYSE:CPN) by 11.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 176,232 shares of the utilities provider’s stock after selling 21,989 shares during the quarter. Regal Investment Advisors LLC’s holdings in Calpine Corporation were worth $2,384,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB increased its position in Calpine Corporation by 85.0% during the 1st quarter. Nordea Investment Management AB now owns 9,935 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 4,565 shares in the last quarter. Advisors Asset Management Inc. increased its position in Calpine Corporation by 20.7% during the 1st quarter. Advisors Asset Management Inc. now owns 10,106 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 1,732 shares in the last quarter. BB&T Securities LLC acquired a new stake in Calpine Corporation during the 1st quarter worth approximately $134,000. Hourglass Capital LLC acquired a new stake in Calpine Corporation during the 2nd quarter worth approximately $135,000. Finally, Wedbush Securities Inc. acquired a new stake in Calpine Corporation during the 2nd quarter worth approximately $145,000. 97.17% of the stock is owned by hedge funds and other institutional investors.

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In other Calpine Corporation news, Director Jack A. Fusco sold 348,100 shares of Calpine Corporation stock in a transaction that occurred on Wednesday, August 23rd. The stock was 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 of the company’s stock, valued at approximately $5,079,419.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jack A. Fusco sold 949,525 shares of Calpine Corporation stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $14.72, for a total value of $13,977,008.00. Following the completion of the transaction, the director now directly owns 344,835 shares in the company, valued at $5,075,971.20. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

A number of analysts recently issued reports on CPN shares. Royal Bank Of Canada set a $13.00 target price on shares of Calpine Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Zacks Investment Research raised shares of Calpine Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Monday, June 26th. Citigroup Inc. set a $15.00 target price on shares of Calpine Corporation and gave the stock a “buy” rating in a research report on Thursday, July 6th. BMO Capital Markets reissued a “buy” rating and set a $14.00 target price on shares of Calpine Corporation in a research report on Friday, July 28th. Finally, BidaskClub raised shares of Calpine Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.98.

Calpine Corporation (CPN) traded up 0.68% during trading on Friday, hitting $14.76. The stock had a trading volume of 7,563,889 shares. The firm has a market cap of $5.32 billion, a PE ratio of 110.98 and a beta of 1.01. Calpine Corporation has a 52 week low of $9.30 and a 52 week high of $14.94. The company’s 50-day moving average is $14.30 and its 200 day moving average is $12.58.

Calpine Corporation (NYSE:CPN) last issued its quarterly 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. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The business’s quarterly revenue was up 79.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. Equities analysts expect that Calpine Corporation will post $0.41 EPS for the current fiscal year.

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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