Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Calpine Co. (NYSE:CPN) by 47.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,738 shares of the utilities provider’s stock after buying an additional 6,051 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Calpine were worth $284,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of CPN. FNY Partners Fund LP grew its position in shares of Calpine by 101.3% in the fourth quarter. FNY Partners Fund LP now owns 736,098 shares of the utilities provider’s stock valued at $11,137,000 after purchasing an additional 370,498 shares in the last quarter. IndexIQ Advisors LLC purchased a new stake in shares of Calpine in the third quarter valued at approximately $14,516,000. Pentwater Capital Management LP purchased a new stake in shares of Calpine in the third quarter valued at approximately $122,425,000. Gamco Investors INC. ET AL purchased a new stake in shares of Calpine in the third quarter valued at approximately $3,022,000. Finally, Swiss National Bank grew its position in shares of Calpine by 5.8% in the third quarter. Swiss National Bank now owns 636,500 shares of the utilities provider’s stock valued at $9,388,000 after purchasing an additional 35,100 shares in the last quarter. Institutional investors own 78.27% of the company’s stock.
Calpine Co. (NYSE CPN) opened at $15.16 on Monday. Calpine Co. has a 52-week low of $9.30 and a 52-week high of $15.18. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.33 and a quick ratio of 1.10.
In related news, EVP W. Thaddeus Miller sold 177,627 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $15.12, for a total value of $2,685,720.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thad Hill sold 38,304 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $15.08, for a total value of $577,624.32. Following the completion of the transaction, the chief executive officer now owns 559,237 shares of the company’s stock, valued at $8,433,293.96. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
CPN has been the subject of a number of analyst reports. Zacks Investment Research lowered Calpine from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. SunTrust Banks restated a “hold” rating and issued a $15.00 price target 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 target on shares of Calpine in a research report on Monday, October 30th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Calpine has an average rating of “Hold” and a consensus price target of $14.75.
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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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