Regal Investment Advisors LLC Sells 21,989 Shares of Calpine Corporation (NYSE:CPN)

Regal Investment Advisors LLC lessened its stake in Calpine Corporation (NYSE:CPN) by 11.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CPN. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings 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 valued at $572,000 after buying an additional 1,025 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Calpine Corporation by 1.0% during the first quarter. Great West Life Assurance Co. Can now owns 236,157 shares of the utilities provider’s stock worth $2,604,000 after purchasing an additional 2,274 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Calpine Corporation by 1.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,029,882 shares of the utilities provider’s stock worth $11,380,000 after purchasing an additional 16,206 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Calpine Corporation by 20.7% during the first 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 during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Calpine Corporation by 30.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,630 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 4,768 shares during the last quarter. Institutional investors own 97.17% of the company’s stock.

Calpine Corporation (NYSE:CPN) traded down 0.07% during midday trading on Friday, hitting $14.69. 11,273,969 shares of the stock were exchanged. The company’s 50 day moving average is $14.42 and its 200 day moving average is $12.69. Calpine Corporation has a 1-year low of $9.30 and a 1-year high of $14.94. The company has a market capitalization of $5.30 billion, a P/E ratio of 110.45 and a beta of 1.01.

Calpine Corporation (NYSE:CPN) last released its quarterly earnings data on Friday, July 28th. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $0.06 EPS. The business’s revenue was up 79.0% compared to the same quarter last year. Analysts predict that Calpine Corporation will post $0.44 earnings per share for the current fiscal year.

Several analysts have issued reports on CPN shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $15.00 price target on shares of Calpine Corporation in a research report on Monday, July 24th. Morgan Stanley set a $11.00 price objective on shares of Calpine Corporation and gave the company a “hold” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of Calpine Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered shares of Calpine Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Macquarie lowered shares of Calpine Corporation from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Calpine Corporation has an average rating of “Hold” and an average price target of $14.98.

In other 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 completion of the transaction, the director now owns 344,835 shares in the company, valued at approximately $5,079,419.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 owns 344,835 shares of the company’s stock, valued at approximately $5,075,971.20. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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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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