Kassirer Asset Management Corp purchased a new stake in shares of Calpine Corporation (NYSE:CPN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 165,000 shares of the utilities provider’s stock, valued at approximately $2,434,000. Calpine Corporation comprises about 2.3% of Kassirer Asset Management Corp’s investment portfolio, making the stock its 14th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Calpine Corporation by 3,600.9% in the first quarter. BlackRock Inc. now owns 20,292,848 shares of the utilities provider’s stock valued at $224,236,000 after buying an additional 19,744,525 shares during the period. FMR LLC lifted its holdings in Calpine Corporation by 84.0% in the second quarter. FMR LLC now owns 17,194,357 shares of the utilities provider’s stock valued at $232,640,000 after buying an additional 7,847,491 shares during the period. Janus Henderson Group PLC lifted its holdings in Calpine Corporation by 6,067.9% in the second quarter. Janus Henderson Group PLC now owns 2,953,618 shares of the utilities provider’s stock valued at $39,962,000 after buying an additional 2,905,731 shares during the period. First Trust Advisors LP lifted its holdings in Calpine Corporation by 49.6% in the second quarter. First Trust Advisors LP now owns 4,962,179 shares of the utilities provider’s stock valued at $67,138,000 after buying an additional 1,644,994 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Calpine Corporation by 15.9% in the second quarter. Dimensional Fund Advisors LP now owns 9,393,188 shares of the utilities provider’s stock valued at $127,091,000 after buying an additional 1,286,197 shares during the period. 97.90% of the stock is currently owned by institutional investors and hedge funds.

CPN has been the topic of several analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $15.00 price objective on shares of Calpine Corporation in a report on Monday, July 24th. Macquarie lowered shares of Calpine Corporation from an “outperform” rating to a “neutral” rating in a report on Thursday, August 31st. Citigroup Inc. lowered shares of Calpine Corporation from a “buy” rating to a “neutral” rating and increased their price objective for the company from $15.00 to $15.25 in a report on Friday, September 8th. BMO Capital Markets restated a “buy” rating and issued a $14.00 price objective on shares of Calpine Corporation in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded shares of Calpine Corporation from a “strong sell” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Friday, October 13th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Calpine Corporation currently has an average rating of “Hold” and an average target price of $15.08.

In related news, Director Jack A. Fusco sold 949,525 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $14.72, for a total transaction of $13,977,008.00. Following the sale, the director now directly owns 344,835 shares in the company, valued at $5,075,971.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack A. Fusco sold 348,100 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $14.73, for a total transaction of $5,127,513.00. Following the sale, the director now owns 344,835 shares in the company, valued at $5,079,419.55. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Calpine Corporation (CPN) remained flat at $$14.99 on Friday. The company’s stock had a trading volume of 3,954,900 shares, compared to its average volume of 6,207,470. The company has a quick ratio of 1.10, a current ratio of 1.33 and a debt-to-equity ratio of 3.39. Calpine Corporation has a 12-month low of $9.30 and a 12-month high of $15.11.

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Calpine Corporation 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.

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Institutional Ownership by Quarter for Calpine Corporation (NYSE:CPN)

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