Raymond James Financial Services Advisors Inc. trimmed its position in Calpine Corporation (NYSE:CPN) by 44.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,351 shares of the utilities provider’s stock after selling 12,484 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Calpine Corporation were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aviva PLC increased its position in shares of Calpine Corporation by 18.9% in the 2nd quarter. Aviva PLC now owns 227,447 shares of the utilities provider’s stock valued at $3,077,000 after acquiring an additional 36,120 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Calpine Corporation in the 2nd quarter valued at $9,242,000. Personal Capital Advisors Corp increased its position in shares of Calpine Corporation by 521.1% in the 2nd quarter. Personal Capital Advisors Corp now owns 224,306 shares of the utilities provider’s stock valued at $3,035,000 after acquiring an additional 188,193 shares during the period. Commonwealth Bank of Australia increased its position in shares of Calpine Corporation by 20.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 110,622 shares of the utilities provider’s stock valued at $1,496,000 after acquiring an additional 18,400 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Calpine Corporation by 3.8% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 52,400 shares of the utilities provider’s stock valued at $579,000 after acquiring an additional 1,900 shares during the period. 95.80% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on CPN shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $15.00 price target on shares of Calpine Corporation in a research report on Monday, July 24th. Macquarie downgraded Calpine Corporation from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 31st. Citigroup Inc. downgraded Calpine Corporation from a “buy” rating to a “neutral” rating and increased their price target for the stock from $15.00 to $15.25 in a research report on Friday, September 8th. BMO Capital Markets reaffirmed a “buy” rating and set a $14.00 price target on shares of Calpine Corporation in a research report on Friday, July 28th. Finally, Zacks Investment Research raised Calpine Corporation from a “strong sell” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Friday, October 13th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.08.

In other news, Director Jack A. Fusco sold 348,100 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $14.73, for a total transaction of $5,127,513.00. Following the sale, the director now directly owns 344,835 shares in the company, valued at approximately $5,079,419.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack A. Fusco sold 949,525 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $14.72, for a total value of $13,977,008.00. Following the sale, the director now owns 344,835 shares in the company, valued at $5,075,971.20. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

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Shares of Calpine Corporation (NYSE CPN) opened at $15.02 on Tuesday. Calpine Corporation has a 12-month low of $9.30 and a 12-month high of $15.11. 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 Corporation 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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Institutional Ownership by Quarter for Calpine Corporation (NYSE:CPN)

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