Gamco Investors INC. ET AL lowered its position in shares of Calpine Co. (NYSE:CPN) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,357 shares of the utilities provider’s stock after selling 21,555 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Calpine were worth $2,774,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CPN. Nationwide Fund Advisors increased its position in shares of Calpine by 194.5% during the 2nd quarter. Nationwide Fund Advisors now owns 130,766 shares of the utilities provider’s stock worth $1,769,000 after purchasing an additional 86,369 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Calpine by 47.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,618 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 2,443 shares in the last quarter. M&T Bank Corp increased its position in shares of Calpine by 1.8% during the 2nd quarter. M&T Bank Corp now owns 18,748 shares of the utilities provider’s stock worth $253,000 after purchasing an additional 334 shares in the last quarter. Virtu KCG Holdings LLC increased its position in shares of Calpine by 1.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 10,636 shares of the utilities provider’s stock worth $144,000 after purchasing an additional 167 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Calpine by 56.1% during the 2nd quarter. Stifel Financial Corp now owns 43,200 shares of the utilities provider’s stock worth $589,000 after purchasing an additional 15,525 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Shares of Calpine Co. (CPN) opened at $15.10 on Friday. 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 1 year low of $9.30 and a 1 year high of $15.16.

A number of brokerages recently issued reports on CPN. Zacks Investment Research cut shares of Calpine from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. SunTrust Banks reiterated a “hold” rating and set a $15.00 target price on shares of Calpine in a research report on Friday, November 17th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $15.25 price objective on shares of Calpine in a research report on Monday, October 30th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.75.

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

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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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