Deutsche Bank AG lowered its position in Calpine Co. by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,573,152 shares of the utilities providers stock after selling 973,585 shares during the period. Deutsche Bank AG owned approximately 2.38% of Calpine worth $129,709,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in shares of Calpine in the 4th quarter worth approximately $128,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Calpine in the 4th quarter valued at approximately $172,000. GSA Capital Partners LLP purchased a new stake in Calpine in the 3rd quarter valued at approximately $236,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Calpine by 47.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,738 shares of the utilities providers stock valued at $284,000 after buying an additional 6,051 shares in the last quarter. Finally, Green Square Capital LLC purchased a new stake in Calpine in the 3rd quarter valued at approximately $283,000. Institutional investors and hedge funds own 78.35% of the companys stock.
In other Calpine news, EVP W. Thaddeus Miller sold 177,627 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $15.12, for a total transaction of $2,685,720.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thad Hill sold 38,304 shares of the stock in a transaction on Tuesday, December 12th. The stock was 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 in the company, valued at approximately $8,433,293.96. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the companys stock.
A number of equities research analysts recently issued reports on CPN shares. Zacks Investment Research lowered Calpine from a buy rating to a hold rating in a research note on Tuesday, January 2nd. SunTrust Banks reaffirmed a hold rating and issued a $15.00 target price on shares of Calpine in a research note on Friday, November 17th. Finally, ValuEngine raised Calpine from a sell rating to a hold rating in a research note on Wednesday. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Calpine has a consensus rating of Hold and an average price target of $14.75.
Shares of Calpine Co. (NYSE:CPN) opened at $15.25 on Friday. The company has a market cap of $5,500.00 and a PE ratio of -15.89. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 3.65.
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