Calpine Co. (NYSE:CPN) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.16 and last traded at $15.16, with a volume of 3986547 shares trading hands. The stock had previously closed at $15.13.

A number of brokerages have 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. SunTrust Banks reaffirmed a “hold” rating and set a $15.00 price objective on shares of Calpine in a research report on Friday, November 17th. Royal Bank of Canada reaffirmed a “hold” rating and set a $15.25 price objective on shares of Calpine in a research report on Monday, October 30th. Finally, Citigroup cut shares of Calpine from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $15.00 to $15.25 in a research report on Friday, September 8th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.08.

The company has a market capitalization of $5,460.00, a price-to-earnings ratio of -216.29, a P/E/G ratio of 2.91 and a beta of 1.05. 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 other news, CEO Thad Hill sold 38,304 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP W. Thaddeus Miller sold 177,627 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $15.12, for a total value of $2,685,720.24. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC acquired a new position in shares of Calpine in the third quarter valued at approximately $14,516,000. Gamco Investors INC. ET AL acquired a new stake in Calpine during the 3rd quarter valued at approximately $3,022,000. Swiss National Bank increased its position 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 purchasing an additional 35,100 shares during the period. Pentwater Capital Management LP acquired a new stake in Calpine during the 3rd quarter valued at approximately $122,425,000. Finally, Westchester Capital Management LLC acquired a new stake in Calpine during the 3rd quarter valued at approximately $48,353,000. 85.85% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/calpine-cpn-hits-new-12-month-high-at-15-16/1793805.html.

Calpine Company 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.

Receive News & Ratings for Calpine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calpine and related companies with MarketBeat.com's FREE daily email newsletter.