BTR Capital Management increased its position in shares of Calpine Co. (NYSE:CPN) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 467,660 shares of the company’s stock after buying an additional 36,455 shares during the period. Calpine accounts for about 1.5% of BTR Capital Management’s investment portfolio, making the stock its 24th largest position. BTR Capital Management owned approximately 0.12% of Calpine worth $6,767,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Community Bank & Trust of Waco, Texas acquired a new stake in Calpine during the fourth quarter worth approximately $731,000. M. Kraus & Company boosted its stake in Calpine by 5.7% in the fourth quarter. M. Kraus & Company now owns 162,957 shares of the company’s stock worth $2,358,000 after buying an additional 8,816 shares during the period. Creative Planning boosted its stake in Calpine by 0.3% in the fourth quarter. Creative Planning now owns 31,342 shares of the company’s stock worth $454,000 after buying an additional 100 shares during the period. Janus Capital Management boosted its stake in Calpine by 101.7% in the third quarter. Janus Capital Management now owns 35,500 shares of the company’s stock worth $518,000 after buying an additional 17,900 shares during the period. Finally, ING Groep acquired a new stake in Calpine during the third quarter worth approximately $1,136,000.

Calpine Co. (NYSE:CPN) traded down 8.029% on Monday, reaching $13.345. 2,572,323 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $13.69 and a 200-day moving average of $15.35. Calpine Co. has a 12-month low of $11.75 and a 12-month high of $23.51. The company has a market cap of $4.76 billion and a P/E ratio of 10.118.

Calpine (NYSE:CPN) last announced its earnings results on Friday, October 30th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by $0.07. During the same period last year, the firm earned $1.52 earnings per share. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.69 billion. The business’s revenue was down 10.9% on a year-over-year basis. Equities analysts expect that Calpine Co. will post $0.97 EPS for the current fiscal year.

A number of research firms have recently commented on CPN. Morgan Stanley dropped their target price on Calpine from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 7th. Deutsche Bank cut Calpine from a “buy” rating to a “hold” rating and dropped their target price for the company from $25.00 to $20.00 in a research report on Monday, November 2nd. BMO Capital Markets dropped their target price on Calpine from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, November 2nd. Evercore ISI dropped their target price on Calpine from $21.00 to $19.50 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. Finally, Zacks Investment Research upgraded Calpine from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, November 30th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Calpine presently has an average rating of “Buy” and an average price target of $21.35.

In other news, EVP Iii W. G. Griggs purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 12th. The stock was purchased at an average cost of $14.79 per share, with a total value of $221,850.00. Following the completion of the acquisition, the executive vice president now directly owns 49,937 shares of the company’s stock, valued at approximately $738,568.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Calpine Corporation (NYSE:CPN) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers and others. Its segments are West (including geothermal), Texas and East (including Canada). The Company’s portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines, which are primarily combined-cycle plants, and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines, as well as cogeneration power plants. It owns 88 power plants, including one under construction plant, with an aggregate generation capacity of 26,548 megawatt (MW) and 309 MW under construction.

12 Month Chart for NYSE:CPN

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