Omni Partners LLP boosted its position in shares of Calpine Co. (NYSE:CPN) by 43.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,475,124 shares of the utilities provider’s stock after acquiring an additional 1,975,124 shares during the period. Calpine accounts for about 16.9% of Omni Partners LLP’s holdings, making the stock its 2nd biggest position. Omni Partners LLP owned 1.80% of Calpine worth $97,969,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Virtu KCG Holdings LLC lifted its position in Calpine by 1.6% during the second quarter. Virtu KCG Holdings LLC now owns 10,636 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 167 shares during the last quarter. Comerica Bank lifted its holdings in shares of Calpine by 1.0% in the 2nd quarter. Comerica Bank now owns 22,694 shares of the utilities provider’s stock worth $312,000 after acquiring an additional 230 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Calpine by 1.8% in the 2nd quarter. M&T Bank Corp now owns 18,748 shares of the utilities provider’s stock worth $253,000 after acquiring an additional 334 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Calpine by 47.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,618 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 2,443 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Calpine by 0.3% in the 2nd quarter. Teachers Advisors LLC now owns 843,383 shares of the utilities provider’s stock worth $11,411,000 after acquiring an additional 2,487 shares during the last quarter. 86.90% of the stock is owned by institutional investors.
In other Calpine news, CEO Thad Hill sold 38,304 shares of the company’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 transaction, the chief executive officer now owns 559,237 shares in the company, valued at approximately $8,433,293.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Shares of Calpine Co. (CPN) opened at $15.07 on Wednesday. Calpine Co. has a 1 year low of $9.30 and a 1 year high of $15.16. The firm has a market cap of $5,430.00, a PE ratio of -215.29, a PEG ratio of 2.70 and a beta of 0.96. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.33 and a quick ratio of 1.10.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Calpine from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, December 19th. SunTrust Banks reiterated a “hold” rating and set a $15.00 price target on shares of Calpine in a report on Friday, November 17th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $15.25 price target on shares of Calpine in a report on Monday, October 30th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $14.75.
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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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