Schwab Charles Investment Management Inc. raised its position in Calpine Co. (NYSE:CPN) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,504,629 shares of the utilities provider’s stock after buying an additional 19,341 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.42% of Calpine worth $22,194,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CPN. Russell Investments Group Ltd. raised its stake in shares of Calpine by 56.7% in the second quarter. Russell Investments Group Ltd. now owns 202,132 shares of the utilities provider’s stock valued at $2,735,000 after buying an additional 73,153 shares during the period. Sei Investments Co. raised its stake in shares of Calpine by 5.6% in the second quarter. Sei Investments Co. now owns 211,122 shares of the utilities provider’s stock valued at $2,857,000 after buying an additional 11,285 shares during the period. Trexquant Investment LP bought a new stake in shares of Calpine in the second quarter valued at $241,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Calpine by 34.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 69,769 shares of the utilities provider’s stock valued at $944,000 after purchasing an additional 18,003 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Calpine in the second quarter valued at $391,000. Hedge funds and other institutional investors own 85.98% of the company’s stock.

In related news, CEO Thad Hill sold 38,304 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $15.08, for a total transaction of $577,624.32. Following the completion of the transaction, the chief executive officer now directly owns 559,237 shares in the company, valued at $8,433,293.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is owned by insiders.

Calpine Co. (NYSE:CPN) opened at $15.07 on Friday. Calpine Co. has a 52-week low of $9.30 and a 52-week high of $15.15. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.33 and a quick ratio of 1.10.

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “hold” rating and issued a $15.25 price target on shares of Calpine in a research report on Monday, October 30th. Zacks Investment Research upgraded Calpine from a “strong sell” rating to a “hold” rating in a research report on Monday, September 25th. Citigroup cut Calpine from a “buy” rating to a “neutral” rating and lifted their price target for the company from $15.00 to $15.25 in a research report on Friday, September 8th. SunTrust Banks reiterated a “hold” rating and issued a $15.00 price target on shares of Calpine in a research report on Friday, November 17th. Finally, Guggenheim cut Calpine from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $15.25 in a research report on Monday, August 21st. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $15.08.

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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.

Institutional Ownership by Quarter for Calpine (NYSE:CPN)

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