Calpine Co. (NYSE:CPN) EVP Sells $2,685,720.24 in Stock

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

Calpine Co. (NYSE CPN) remained flat at $$15.09 during midday trading on Thursday. The company’s stock had a trading volume of 8,453,890 shares, compared to its average volume of 9,120,674. The firm has a market capitalization of $5,440.00, a PE ratio of -215.57, a PEG ratio of 2.90 and a beta of 1.05. The company has a current ratio of 1.33, a quick ratio of 1.10 and a debt-to-equity ratio of 3.39. Calpine Co. has a 1-year low of $9.30 and a 1-year high of $15.16.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC grew its holdings 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 during the period. Comerica Bank grew its holdings in shares of Calpine by 1.0% during the 2nd quarter. Comerica Bank now owns 22,694 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 230 shares during the period. M&T Bank Corp boosted its holdings in Calpine by 1.8% during the 2nd quarter. M&T Bank Corp now owns 18,748 shares of the utilities provider’s stock valued at $253,000 after acquiring an additional 334 shares during the period. Utah Retirement Systems boosted its holdings in Calpine by 0.9% during the 2nd quarter. Utah Retirement Systems now owns 65,779 shares of the utilities provider’s stock valued at $890,000 after acquiring an additional 600 shares during the period. Finally, Stephens Inc. AR boosted its holdings in Calpine by 6.5% during the 2nd quarter. Stephens Inc. AR now owns 31,127 shares of the utilities provider’s stock valued at $421,000 after acquiring an additional 1,897 shares during the period. Institutional investors and hedge funds own 85.85% of the company’s stock.

CPN has been the topic of a number of recent research reports. Zacks Investment Research lowered Calpine from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. SunTrust Banks reissued a “hold” rating and issued a $15.00 price objective on shares of Calpine in a research note on Friday, November 17th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $15.25 price objective on shares of Calpine in a research note on Monday, October 30th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.08.

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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.

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