BlackRock Inc. raised its stake in Calpine Co. (NYSE:CPN) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,840,033 shares of the utilities provider’s stock after purchasing an additional 50,131 shares during the period. BlackRock Inc.’s holdings in Calpine were worth $239,659,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Aperio Group LLC increased its stake in Calpine by 4.0% in the fourth quarter. Aperio Group LLC now owns 113,516 shares of the utilities provider’s stock valued at $1,717,000 after purchasing an additional 4,402 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Calpine by 11.3% during the third quarter. Pacer Advisors Inc. now owns 51,685 shares of the utilities provider’s stock worth $762,000 after acquiring an additional 5,252 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Calpine by 0.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,510,128 shares of the utilities provider’s stock worth $22,849,000 after acquiring an additional 5,499 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Calpine by 47.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,738 shares of the utilities provider’s stock worth $284,000 after acquiring an additional 6,051 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its position in shares of Calpine by 6.2% during the third quarter. Commonwealth Bank of Australia now owns 117,522 shares of the utilities provider’s stock worth $1,729,000 after acquiring an additional 6,900 shares in the last quarter. 78.35% of the stock is owned by hedge funds and other institutional investors.

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Several equities research analysts have recently commented on CPN shares. SunTrust Banks reissued a “hold” rating and set a $15.00 target price on shares of Calpine in a research report on Friday, November 17th. Zacks Investment Research raised shares of Calpine from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday, December 19th. Finally, ValuEngine raised shares of Calpine from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $14.75.

Calpine Co. (NYSE CPN) opened at $15.25 on Wednesday. The firm has a market capitalization of $5,500.00 and a price-to-earnings ratio of -15.89. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.96 and a current ratio of 1.23.

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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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Institutional Ownership by Quarter for Calpine (NYSE:CPN)

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