Calpine Corporation (CPN) : Fort Warren Capital Management Lp reduced its stake in Calpine Corporation by 53.12% during the most recent quarter end. The investment management company now holds a total of 205,845 shares of Calpine Corporation which is valued at $2,620,407 after selling 233,207 shares in Calpine Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Calpine Corporation makes up approximately 2.79% of Fort Warren Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Clearbridge Investments reduced its stake in CPN by selling 56,548 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 4,299,826 shares of CPN which is valued at $54,736,785. Calpine Corporation makes up approx 0.06% of Clearbridge Investments’s portfolio.Pacad Investment Ltd. boosted its stake in CPN in the latest quarter, The investment management firm added 47,308 additional shares and now holds a total of 88,781 shares of Calpine Corporation which is valued at $1,130,182. Calpine Corporation makes up approx 0.15% of Pacad Investment Ltd.’s portfolio.Trexquant Investment Lp reduced its stake in CPN by selling 44,647 shares or 35.96% in the most recent quarter. The Hedge Fund company now holds 79,500 shares of CPN which is valued at $1,012,035. Calpine Corporation makes up approx 0.13% of Trexquant Investment Lp’s portfolio.Glenmede Trust Co Na reduced its stake in CPN by selling 514 shares or 79.69% in the most recent quarter. The Hedge Fund company now holds 131 shares of CPN which is valued at $1,704.
Calpine Corporation closed down -0.35 points or -2.80% at $12.13 with 33,51,165 shares getting traded on Thursday. Post opening the session at $12.54, the shares hit an intraday low of $12.07 and an intraday high of $12.56 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Calpine Corporation reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.03. The company had revenue of $1164.00 million for the quarter, compared to analysts expectations of $1274.90 million. The company’s revenue was down -19.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.
Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power steam capacity renewable energy credits and ancillary services to its customers which include utilities independent electric system operators industrial and agricultural companies retail power providers municipalities power marketers and others. Its segments are West (including geothermal) Texas and East (including Canada). The Company’s portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines which are primarily combined-cycle plants and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines as well as cogeneration power plants. It owns 88 power plants including one under construction plant with an aggregate generation capacity of 26548 megawatt (MW) and 309 MW under construction.