629,138 Shares in Calpine Corporation (CPN) Purchased by ARP Americas LLC

ARP Americas LLC acquired a new stake in shares of Calpine Corporation (NYSE:CPN) during the third quarter, according to its most recent filing with the SEC. The fund acquired 629,138 shares of the utilities provider’s stock, valued at approximately $9,280,000. Calpine Corporation accounts for approximately 3.0% of ARP Americas LLC’s investment portfolio, making the stock its 12th biggest holding. ARP Americas LLC owned 0.17% of Calpine Corporation as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Calpine Corporation by 1.1% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 47,277,028 shares of the utilities provider’s stock valued at $639,658,000 after purchasing an additional 498,403 shares during the period. Vanguard Group Inc. raised its stake in shares of Calpine Corporation by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 29,995,354 shares of the utilities provider’s stock valued at $405,837,000 after purchasing an additional 338,965 shares during the period. BlackRock Inc. raised its stake in shares of Calpine Corporation by 3,600.9% during the 1st quarter. BlackRock Inc. now owns 20,292,848 shares of the utilities provider’s stock valued at $224,236,000 after purchasing an additional 19,744,525 shares during the period. FMR LLC raised its stake in shares of Calpine Corporation by 84.0% during the 2nd quarter. FMR LLC now owns 17,194,357 shares of the utilities provider’s stock valued at $232,640,000 after purchasing an additional 7,847,491 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Calpine Corporation by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,393,188 shares of the utilities provider’s stock valued at $127,091,000 after purchasing an additional 1,286,197 shares during the period. Institutional investors own 97.95% of the company’s stock.

In other Calpine Corporation news, Director Jack A. Fusco sold 949,525 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $14.72, for a total transaction of $13,977,008.00. Following the sale, the director now directly owns 344,835 shares of the company’s stock, valued at $5,075,971.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jack A. Fusco sold 348,100 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $14.73, for a total value of $5,127,513.00. Following 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. 1.20% of the stock is owned by company insiders.

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Several research firms recently commented on CPN. Zacks Investment Research cut Calpine Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub cut Calpine Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a “hold” rating and set a $15.25 target price on shares of Calpine Corporation in a research report on Monday. BMO Capital Markets restated a “buy” rating and set a $14.00 target price on shares of Calpine Corporation in a research report on Friday, July 28th. Finally, ValuEngine upgraded Calpine Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $15.08.

Calpine Corporation 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 Corporation (NYSE:CPN)

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