Calpine Corporation (NYSE:CPN) Sees Significantly Higher Trading Volume

Citigroup Inc. now has $15.25 price objective on the utilities provider's stock, up from their previous price objective of $15.00. Argus Research downgraded the shares of CPN in report on Tuesday, March 8 to "Hold" rating.

On September 8 the company was changed to "Neutral" according to a Citigroup report a cut from the previous "Buy" rating. Finally, Morgan Stanley downgraded shares of Calpine Corporation from an "overweight" rating to an "equal weight" rating and set a $13.00 price objective for the a research report on Monday, February 6th. On August 21 the stock rating was downgraded from "Outperform" to "Sector Perform" in a report issued by RBC Capital. Finally, BidaskClub raised Calpine Corporation from a sell rating to a hold rating in a report on Tuesday, June 27th. Wall Street is only getting more bullish on the stock, with 4 of analysts who cover CPN having a buy-equivalent rating. Calpine Corporation presently has an average rating of Hold and a consensus target price of $14.98.

Shares of TAL Education Group (NYSE:TAL) traded down -0.53% in the last session while performance was up 32.04% in the last five days. Calpine Corporation has a 1-year low of $9.30 and a 1-year high of $14.94. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. The company has market cap of $5.29 billion. Blackrock invested 0.01% of its portfolio in Calpine Corporation (NYSE:CPN). As of the latest earnings report the EPS was $0.13 and is estimated to be $0.41 for the current year with 360,670,000 shares now outstanding. The institutional investor held 2.74M shares of the central company at the end of 2016Q4, valued at $31.36 million, up from 1.58 million at the end of the previous reported quarter. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The business's revenue for the quarter was up 79.0% compared to the same quarter past year. Next quarter's EPS is forecasted at $-0.01 with next year's EPS anticipated to be $0.83. Institutions are now holders of 88.40% of the shares. If you are viewing this piece on another domain, it was copied illegally and republished in violation of USA and global trademark & copyright laws. Jack A. Fusco, Director disclosed the sale of 949,525 shares. Currently, 494.95 million total shares are owned by the public and among those 0 million shares have been available to trade. Following the completion of the transaction, the director now owns 344,835 shares of the company's stock, valued at $5,075,971.20. Massachusetts Financial Ma has 0.09% invested in Calpine Corporation (NYSE:CPN) for 16.48 million shares.

In other news, Director Jack A. Fusco sold 348,100 shares of the stock in a transaction on Wednesday, August 23rd. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in Calpine Corporation by 20.7% during the first quarter. Sailingstone Capital Partners LLC grew its stake by buying 4,119,718 shares an increase of 10.6% as of 06/30/2017. The value of the total investment in Calpine Corporation increased from $854,000 to $2,742,000 a change of 221.1% since the last quarter. Its Average True Range (ATR) value figured out at 3.65. Da Davidson And holds 0% of its portfolio in Calpine Corporation (NYSE:CPN) for 2,468 shares. The correct version of this piece can be read at Company insiders own 1.20% of the company's stock.

Calpine Corporation has $27 highest and $1100 lowest target. The Company is involved 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).

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