Calpine Co. (CPN) Receives $14.54 Consensus PT from Brokerages

Shares of Calpine Co. (NYSE:CPN) have been given an average recommendation of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $14.54.

Several research firms have commented on CPN. Zacks Investment Research downgraded Calpine from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. SunTrust Banks restated a “hold” rating and set a $15.00 price objective on shares of Calpine in a report on Friday, November 17th. Finally, Royal Bank of Canada restated a “hold” rating and set a $15.25 price objective on shares of Calpine in a report on Monday, October 30th.

Calpine (CPN) traded up $0.04 on Friday, reaching $15.15. The company’s stock had a trading volume of 1,633,087 shares, compared to its average volume of 5,261,386. The stock has a market cap of $5,433.77, a P/E ratio of -216.40, a P/E/G ratio of 2.70 and a beta of 0.96. Calpine has a one year low of $9.30 and a one year high of $15.18. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.33 and a quick ratio of 1.10.

In other Calpine news, CEO Thad Hill sold 38,304 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $15.08, for a total transaction of $577,624.32. Following the sale, the chief executive officer now owns 559,237 shares of the company’s stock, valued at approximately $8,433,293.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP W. Thaddeus Miller sold 177,627 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $15.12, for a total value of $2,685,720.24. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pentwater Capital Management LP acquired a new stake in shares of Calpine in the 3rd quarter worth $122,425,000. Alpine Associates Management Inc. acquired a new stake in shares of Calpine in the 3rd quarter worth $99,840,000. Beryl Capital Management LLC acquired a new stake in shares of Calpine in the 4th quarter worth $88,453,000. Omni Partners LLP acquired a new stake in shares of Calpine in the 3rd quarter worth $66,375,000. Finally, Farallon Capital Management LLC boosted its position in shares of Calpine by 67.2% in the 4th quarter. Farallon Capital Management LLC now owns 10,801,403 shares of the utilities provider’s stock worth $163,425,000 after purchasing an additional 4,341,403 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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Calpine 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.

Analyst Recommendations for Calpine (NYSE:CPN)

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