Calpine Co. (NYSE:CPN) was the recipient of a significant decline in short interest in the month of December. As of December 29th, there was short interest totalling 11,524,312 shares, a decline of 35.0% from the December 15th total of 17,728,993 shares. Approximately 3.4% of the company’s shares are short sold. Based on an average trading volume of 2,534,649 shares, the short-interest ratio is presently 4.5 days.

Shares of Calpine (NYSE CPN) opened at $15.07 on Wednesday. Calpine has a 1 year low of $9.30 and a 1 year high of $15.16. 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 (NYSE:CPN) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Calpine had a negative return on equity of 7.68% and a negative net margin of 0.27%. analysts anticipate that Calpine will post 0.43 EPS for the current fiscal year.

A number of equities research analysts have issued reports on CPN shares. Royal Bank of Canada reissued a “hold” rating and set a $15.25 price target on shares of Calpine in a research report on Monday, October 30th. Zacks Investment Research raised 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, SunTrust Banks reaffirmed a “hold” rating and issued a $15.00 target price on shares of Calpine in a research report on Friday, November 17th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Calpine currently has an average rating of “Hold” and a consensus target price of $15.08.

In other Calpine news, EVP W. Thaddeus Miller sold 177,627 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $15.12, for a total transaction of $2,685,720.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thad Hill sold 38,304 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $15.08, for a total value of $577,624.32. Following the sale, the chief executive officer now directly owns 559,237 shares of the company’s stock, valued at approximately $8,433,293.96. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Calpine by 47.2% in the second 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 in the last quarter. Virtu KCG Holdings LLC lifted its stake in shares of Calpine by 1.6% in the second quarter. Virtu KCG Holdings LLC now owns 10,636 shares of the utilities provider’s stock worth $144,000 after acquiring an additional 167 shares in the last quarter. Gotham Asset Management LLC acquired a new position in shares of Calpine in the second quarter worth about $162,000. GSA Capital Partners LLP acquired a new position in shares of Calpine in the third quarter worth about $236,000. Finally, M&T Bank Corp lifted its stake in shares of Calpine by 1.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 85.86% of the company’s stock.

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About Calpine

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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