State of Alaska Department of Revenue acquired a new position in Calpine Co. (NYSE:CPN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,400 shares of the utilities provider’s stock, valued at approximately $323,000.

Several other large investors have also modified their holdings of the business. Havens Advisors LLC boosted its stake in shares of Calpine by 107.5% during the 4th quarter. Havens Advisors LLC now owns 863,400 shares of the utilities provider’s stock worth $13,063,000 after purchasing an additional 447,400 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Calpine by 0.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,510,128 shares of the utilities provider’s stock worth $22,849,000 after purchasing an additional 5,499 shares during the period. Bank of Montreal Can boosted its stake in shares of Calpine by 349.9% during the 4th quarter. Bank of Montreal Can now owns 691,416 shares of the utilities provider’s stock worth $10,461,000 after purchasing an additional 537,727 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Calpine by 20.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 132,600 shares of the utilities provider’s stock worth $2,006,000 after purchasing an additional 22,100 shares during the period. Finally, Athos Capital Ltd purchased a new position in shares of Calpine during the 3rd quarter worth about $1,623,000. 86.45% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on CPN. Zacks Investment Research cut shares of Calpine from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $15.00 price target on shares of Calpine in a research note on Friday, November 17th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $15.25 price target on shares of Calpine in a research note on Monday, October 30th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.75.

Shares of Calpine Co. (CPN) opened at $15.06 on Tuesday. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.33 and a quick ratio of 1.10. Calpine Co. has a 52-week low of $9.30 and a 52-week high of $15.16.

In other Calpine news, CEO Thad Hill sold 38,304 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $15.08, for a total value of $577,624.32. Following the completion of the sale, the chief executive officer now directly owns 559,237 shares of the company’s stock, valued at approximately $8,433,293.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP W. Thaddeus Miller sold 177,627 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $15.12, for a total transaction of $2,685,720.24. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

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Calpine 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 (NYSE:CPN)

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