Capital Fund Management S.A. reduced its position in shares of Calpine Co. (NYSE:CPN) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 418,251 shares of the utilities provider’s stock after selling 13,173 shares during the quarter. Capital Fund Management S.A.’s holdings in Calpine were worth $6,328,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CPN. PNC Financial Services Group Inc. increased 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 during the last quarter. Virtu KCG Holdings LLC increased 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 during the last quarter. Stifel Financial Corp increased its stake in shares of Calpine by 56.1% in the second quarter. Stifel Financial Corp now owns 43,200 shares of the utilities provider’s stock worth $589,000 after acquiring an additional 15,525 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Calpine by 9.3% in the second quarter. Royal Bank of Canada now owns 278,275 shares of the utilities provider’s stock worth $3,764,000 after acquiring an additional 23,784 shares during the last quarter. Finally, Gotham Asset Management LLC acquired a new position in shares of Calpine in the second quarter worth $162,000. 86.90% of the stock is currently owned by institutional investors.
Calpine Co. (NYSE CPN) opened at $15.16 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.10 and a debt-to-equity ratio of 3.39. The company has a market cap of $5,470.00, a price-to-earnings ratio of -216.57, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. Calpine Co. has a 1 year low of $9.30 and a 1 year high of $15.18.
A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $15.25 price target on shares of Calpine in a research note on Monday, October 30th. Zacks Investment Research raised shares of Calpine from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, December 19th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $15.00 price target on shares of Calpine in a research note on Friday, November 17th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.75.
In other Calpine news, EVP W. Thaddeus Miller sold 177,627 shares of the stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction of $577,624.32. Following the transaction, the chief executive officer now directly owns 559,237 shares in the company, valued at $8,433,293.96. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
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Calpine 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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