Calpine Co. (CPN) Shares Bought by Hancock Holding Co.

Hancock Holding Co. increased its position in shares of Calpine Co. (NYSE:CPN) by 26.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 730,360 shares of the utilities provider’s stock after buying an additional 150,950 shares during the period. Hancock Holding Co. owned 0.20% of Calpine worth $8,070,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in CPN. World Asset Management Inc raised its stake in shares of Calpine by 0.5% in the first quarter. World Asset Management Inc now owns 18,500 shares of the utilities provider’s stock worth $204,000 after buying an additional 87 shares during the period. TD Asset Management Inc. raised its position in Calpine by 0.5% in the first quarter. TD Asset Management Inc. now owns 55,535 shares of the utilities provider’s stock worth $614,000 after buying an additional 300 shares during the period. Comerica Bank raised its position in Calpine by 1.9% in the first quarter. Comerica Bank now owns 22,464 shares of the utilities provider’s stock worth $216,000 after buying an additional 422 shares during the period. First Republic Investment Management Inc. raised its position in Calpine by 1.1% in the fourth quarter. First Republic Investment Management Inc. now owns 44,709 shares of the utilities provider’s stock worth $512,000 after buying an additional 474 shares during the period. Finally, First Midwest Bank Trust Division raised its position in Calpine by 1.7% in the first quarter. First Midwest Bank Trust Division now owns 59,000 shares of the utilities provider’s stock worth $652,000 after buying an additional 1,000 shares during the period. 93.82% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Calpine (NYSE:CPN)

Calpine Co. (NYSE:CPN) traded up 4.09% during mid-day trading on Friday, hitting $13.75. The stock had a trading volume of 8,614,447 shares. The firm’s 50-day moving average price is $10.84 and its 200 day moving average price is $11.31. Calpine Co. has a one year low of $9.30 and a one year high of $16.07. The company has a market cap of $4.96 billion, a PE ratio of 20.90 and a beta of 1.05.

Calpine (NYSE:CPN) last released its quarterly earnings results on Friday, April 28th. The utilities provider reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.15. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Calpine had a negative return on equity of 1.31% and a net margin of 1.37%. The business’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.65) earnings per share. On average, equities research analysts anticipate that Calpine Co. will post $0.50 EPS for the current year.

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A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Calpine from a “sell” rating to a “hold” rating in a report on Tuesday. Citigroup Inc set a $15.00 target price on shares of Calpine and gave the company a “buy” rating in a report on Thursday, May 11th. Deutsche Bank AG set a $14.00 target price on shares of Calpine and gave the company a “buy” rating in a report on Thursday, May 11th. Zacks Investment Research raised shares of Calpine from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Goldman Sachs Group Inc cut their target price on shares of Calpine from $15.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Calpine has a consensus rating of “Buy” and an average target price of $14.50.

About Calpine

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.

5 Day Chart for NYSE:CPN

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