Published: Mon, September 11, 2017
Markets | By Noel Gibbs

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

Citigroup Cuts Rating On Calpine Corporation (CPN) To

The Greenlight Capital Inc holds 10.96M shares with $125.29 million value, down from 11.24M last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Calpine Corporation by 15.9% during the second quarter.

The stock increased 0.34% or $0.05 during the last trading session, reaching $14.66. About 141,530 shares traded. Calpine Corporation (NYSE:CPN) has declined 5.37% since September 10, 2016 and is downtrending. It has underperformed by 22.07% the S&P500. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Therefore 38% are positive. The rating was maintained by BMO Capital Markets on Tuesday, April 11 with "Outperform". Royal Bank Of Canada set a $13.00 price target on shares of Calpine Corporation and gave the company a buy rating in a research note on Saturday, June 3rd. The third largest holder is Vanguard Group Inc, which now holds $439.73 million worth of this stock and that ownership represents almost 8.3% of its market capitalization. The rating was initiated by BTIG Research on Thursday, August 25 with "Neutral". The rating was maintained by Suntrust Robinson on Wednesday, August 24 with "Neutral". The stock of Biogen Inc (NASDAQ:BIIB) earned "Hold" rating by Jefferies on Wednesday, October 5.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, CPN earned gross profit of 0, in 2015 0 gross profit, while in 2016 Calpine Corp. Its down 0.31, from 1.24 in 2016Q3.

Director, Fusco Jack A, sold 54,600 common shares of Calpine Corporation (CPN) in the open market. 42 funds opened positions while 95 raised stakes. Zacks Investment Research downgraded shares of Calpine Corporation from a "buy" rating to a "hold" rating in a report on Tuesday, June 27th. South Africa-based Old Mutual Customised Solutions (Proprietary) has invested 0.02% in Calpine Corporation (NYSE:CPN).

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Philadelphia Trust Company increased York Water Co (YORW) stake by 46.36% reported in 2016Q4 SEC filing. Nippon Life Global Investors Americas holds 0.16% or 154,040 shares. It also reduced Dell Technologies Inc stake by 9,557 shares and now owns 47,371 shares. Cubist Systematic Strategies Ltd Liability Com invested in 0.02% or 22,081 shares. Allstate Corp reported 343,030 shares.

Calpine Corporation (NYSE:CPN) last issued its earnings results on Friday, July 28th. Moreover, Glg Lc has 0.02% invested in Calpine Corporation (NYSE:CPN). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 55,603 shares. Toronto Dominion Financial Bank invested in 2,957 shares. 11,008 were reported by Evanson Asset Ltd Limited Liability Company.

Among 15 analysts covering Calpine Corporation (NYSE:CPN), 5 have Buy rating, 0 Sell and 10 Hold. Therefore 40% are positive. Calpine Corporation had 40 analyst reports since July 31, 2015 according to SRatingsIntel. BMO Capital Markets has "Outperform" rating and $16 target. The firm earned "Buy" rating on Friday, July 14 by Nomura. Deutsche Bank maintained the stock with "Buy" rating in Friday, July 31 report. The rating was maintained by BMO Capital Markets with "Buy" on Monday, May 1. The firm has "Buy" rating given on Sunday, July 23 by RBC Capital Markets. Credit Agricole S A invested 0.01% in Calpine Corporation (NYSE:CPN). Jefferies has "Buy" rating and $7 target.

For the Current Quarter, the growth estimate for Calpine 26.9%, while for the Next Quarter the stock growth estimate is 97.7%. The Firm owns, manages, acquires, develops and redevelops shopping centers and retail properties located in supply constrained suburban and urban communities. It has a 112.9 P/E ratio. It has underperformed by 56.67% the S&P500.

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Investors sentiment decreased to 0 in 2016 Q4. Its up 0.17, from 0.72 in 2016Q3.

Eidelman Virant Capital increased Tidewater Inc Citizn (NYSE:TDW) stake by 454,700 shares to 908,800 valued at $3.10 million in 2016Q4. Vanguard Group holds 0.02% or 28.20 million shares in its portfolio. GOOS's SI was 1.38M shares in September as released by FINRA. Amp Invsts Ltd invested in 0.01% or 93,677 shares. BlackRock Inc. now owns 20,292,848 shares of the utilities provider's stock worth $224,236,000 after purchasing an additional 19,744,525 shares in the last quarter. Mizuho Securities Usa Inc owns 0.15% invested in Equity One, Inc. D E Shaw has 14,440 shares for 0% of their portfolio.

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