Economy

Citigroup Cuts Rating On Calpine Corporation (CPN) To "Neutral"

In the past year there have been a total of 28 insider trades, including 10 open market buys and 18 sells. 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.

The company's expected revenue in the current quarter to be 1.76 Billion, seeing a projected current quarter growth of 26.9%, and per annum growth estimates over the next 5 year period of around 1.7%. The stock's last price was higher from the average trading price of 50 days recorded at $14.09 while enlarging the period to 200 trading days, the average price was $12.26. FMR LLC now owns 17,194,357 shares of the utilities provider's stock worth $232,640,000 after buying an additional 7,847,491 shares during the last quarter. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. It has underperformed by 22.07% the S&P500. Of those analysts, 2 rate stock as a Strong Buy, 6 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 38% are positive. Carlson Capital L P raised its position in Calpine Corporation by 31.1% in the second quarter. The stock of Calpine Corporation (NYSE:CPN) earned "Buy" rating by Citigroup on Friday, September 18. The firm has "Neutral" rating by DA Davidson given on Thursday, December 3. The average analysts gave this company a mean recommendation of 2.50. (NYSE:JPM) on Tuesday, January 17 to "Mkt Perform" rating. In this case performance of tends to percentage rate of return for a stock for a given time frame. The stock has " rating by Sterne Agee CRT on Friday, October 23.

The company is so far trading up from yesterday's close of 14.61. The company was maintained on Tuesday, August 25 by Deutsche Bank. Finally, ValuEngine upgraded Calpine Corporation from a sell rating to a hold rating in a research report on Tuesday, May 16th.

Calpine Corporation (NYSE:CPN) share price increased in the last trading session with a previous 52-week high of $14.94. Therefore 40% are positive.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future. On Wednesday, November 2 the stock rating was downgraded by UBS to "Neutral". BMO Capital Markets maintained Calpine Corporation (NYSE:CPN) rating on Friday, July 28. The rating was maintained by RBC Capital Markets with "Buy" on Sunday, July 23. It last reported revenues of $2.08 billion and EPS of -$0.37 for the June 2017, representing 79% top-line growth and 0.06 EPS growth. The rating was maintained by SunTrust with "Neutral" on Wednesday, August 24. The rating was maintained by BMO Capital Markets with "Hold" on Friday, July 14. The firm earned "Equal-Weight" rating on Monday, February 6 by Morgan Stanley. The stock has "Outperform" rating by RBC Capital Markets on Monday, August 3.

Calpine Corporation (CPN) shares are up 0.14% for the week and that has got investors and traders sitting up and taking note. The Beta for the company stands at 1.03 and its Average True Range (ATR) shows a value of 0.23. It worsened, as 53 investors sold Calpine Corporation shares while 94 reduced holdings. Dimensional Fund Advisors LP now owns 9,393,188 shares of the utilities provider's stock worth $127,091,000 after buying an additional 1,286,197 shares during the last quarter.

Allstate Corp, which manages about $1.67B US Long portfolio, decreased its stake in United Parcel Service Inc (NYSE:UPS) by 32,467 shares to 19,189 shares, valued at $2.20 million in 2016Q4, according to the filing. 16,300 are owned by Ellington Group Limited Liability. Altalis Limited Liability Com accumulated 5.08% or 395,947 shares. Vanguard Group Inc stated it has 28.20 million shares. Moreover, Group Inc has 0% invested in Calpine Corporation (NYSE:CPN). 116,502 were accumulated by Gam Hldg Ag.

The Gap, Inc. most recently reported earnings per share (EPS) of $0.58 for the July 2017 versus $0.6 in the same quarter past year, representing -3% growth. Kansas-based Tortoise Advsr has invested 0% in Calpine Corporation (NYSE:CPN). The Greenlight Capital Inc holds 10.96M shares with $125.29 million value, down from 11.24M last quarter. BlackRock Inc. raised its stake in Calpine Corporation by 3,600.9% in the first quarter. Northern Tru Corp reported 0% in York Water Co (NASDAQ:YORW).



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