Calpine Co. (NYSE:CPN) EVP W. Thaddeus Miller sold 177,627 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Calpine Co. (NYSE:CPN) opened at $15.10 on Tuesday. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.10 and a current ratio of 1.33. Calpine Co. has a fifty-two week low of $9.30 and a fifty-two week high of $15.15.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Calpine from a “strong sell” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Friday, October 13th. Guggenheim cut Calpine from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $20.00 to $15.25 in a report on Monday, August 21st. SunTrust Banks restated a “hold” rating and issued a $15.00 price target on shares of Calpine in a report on Friday, November 17th. Macquarie cut Calpine from an “outperform” rating to a “neutral” rating in a report on Thursday, August 31st. Finally, Citigroup cut Calpine from a “buy” rating to a “neutral” rating and upped their price target for the stock from $15.00 to $15.25 in a report on Friday, September 8th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $15.08.

Large investors have recently made changes to their positions in the business. Aviva PLC grew its holdings in Calpine by 18.9% during the 2nd quarter. Aviva PLC now owns 227,447 shares of the utilities provider’s stock valued at $3,077,000 after buying an additional 36,120 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Calpine during the 2nd quarter valued at $9,242,000. IndexIQ Advisors LLC acquired a new stake in Calpine during the 3rd quarter valued at $14,516,000. Gamco Investors INC. ET AL acquired a new stake in Calpine during the 3rd quarter valued at $3,022,000. Finally, Swiss National Bank grew its holdings in Calpine by 5.8% during the 3rd quarter. Swiss National Bank now owns 636,500 shares of the utilities provider’s stock valued at $9,388,000 after buying an additional 35,100 shares during the last quarter. Hedge funds and other institutional investors own 85.98% of the company’s stock.

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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.

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