Gamco Investors INC. ET AL Invests $3.02 Million in Calpine Corporation (CPN) Stock

Gamco Investors INC. ET AL acquired a new position in Calpine Corporation (NYSE:CPN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 204,912 shares of the utilities provider’s stock, valued at approximately $3,022,000. Gamco Investors INC. ET AL owned approximately 0.06% of Calpine Corporation as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State of Wisconsin Investment Board raised its position in shares of Calpine Corporation by 209.0% in the 3rd quarter. State of Wisconsin Investment Board now owns 1,704,473 shares of the utilities provider’s stock valued at $25,141,000 after buying an additional 1,152,919 shares in the last quarter. Dupont Capital Management Corp raised its position in shares of Calpine Corporation by 128.0% in the 3rd quarter. Dupont Capital Management Corp now owns 315,648 shares of the utilities provider’s stock valued at $4,656,000 after buying an additional 177,200 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of Calpine Corporation in the 3rd quarter valued at approximately $4,627,000. ARP Americas LLC acquired a new position in shares of Calpine Corporation in the 3rd quarter valued at approximately $9,280,000. Finally, Athos Capital Ltd acquired a new position in shares of Calpine Corporation in the 3rd quarter valued at approximately $1,612,000. Institutional investors and hedge funds own 95.80% of the company’s stock.

Shares of Calpine Corporation (CPN) opened at $14.99 on Monday. Calpine Corporation has a 1-year low of $9.30 and a 1-year high of $15.11. 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, Director Jack A. Fusco sold 949,525 shares of the company’s stock in a transaction on 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 directly owns 344,835 shares of the company’s stock, valued at approximately $5,075,971.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jack A. Fusco sold 348,100 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $14.73, for a total transaction of $5,127,513.00. Following the completion of the sale, the director now directly owns 344,835 shares in the company, valued at $5,079,419.55. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

CPN has been the subject of several analyst reports. Royal Bank Of Canada cut shares of Calpine Corporation from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $15.00 to $15.25 in a research report on Monday, August 21st. BMO Capital Markets boosted their target price on shares of Calpine Corporation from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. BidaskClub upgraded shares of Calpine Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Citigroup Inc. cut shares of Calpine Corporation 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. Finally, ValuEngine upgraded shares of Calpine Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.08.

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Calpine Corporation 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.

Institutional Ownership by Quarter for Calpine Corporation (NYSE:CPN)

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