Halcyon Management Partners LP boosted its position in shares of Calpine Co. (NYSE:CPN) by 70.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,752,313 shares of the utilities provider’s stock after buying an additional 1,136,260 shares during the quarter. Calpine makes up approximately 6.1% of Halcyon Management Partners LP’s holdings, making the stock its 7th largest holding. Halcyon Management Partners LP owned about 0.76% of Calpine worth $41,643,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Cerebellum GP LLC bought a new stake in shares of Calpine in the 4th quarter valued at $128,000. Fuller & Thaler Asset Management Inc. bought a new position in Calpine during the 4th quarter worth about $172,000. GSA Capital Partners LLP bought a new position in Calpine during the 3rd quarter worth about $236,000. Green Square Capital LLC bought a new position in Calpine during the 3rd quarter worth about $283,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Calpine by 47.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,738 shares of the utilities provider’s stock worth $284,000 after purchasing an additional 6,051 shares in the last quarter. 78.35% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on CPN shares. SunTrust Banks restated a “hold” rating and set a $15.00 price objective on shares of Calpine in a research note on Friday, November 17th. Zacks Investment Research upgraded shares of Calpine from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday, December 19th. Finally, ValuEngine upgraded shares of Calpine from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.75.
In related news, CEO Thad Hill sold 38,304 shares of Calpine stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $15.08, for a total value of $577,624.32. Following the transaction, the chief executive officer now directly owns 559,237 shares of the company’s stock, valued at $8,433,293.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP W. Thaddeus Miller sold 177,627 shares of Calpine stock in a transaction that occurred on 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. 1.20% of the stock is currently owned by company insiders.
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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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