Two Sigma Securities LLC acquired a new position in Calpine Co. (NYSE:CPN) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 27,330 shares of the utilities provider’s stock, valued at approximately $414,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in Calpine in the 4th quarter worth about $128,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Calpine in the 4th quarter worth about $172,000. GSA Capital Partners LLP purchased a new stake in Calpine in the 3rd quarter worth about $236,000. Green Square Capital LLC purchased a new stake in Calpine in the 3rd quarter worth about $283,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Calpine by 47.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,738 shares of the utilities provider’s stock worth $284,000 after acquiring an additional 6,051 shares during the last quarter. 78.35% of the stock is owned by institutional investors.
Calpine Co. (NYSE CPN) opened at $15.25 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.96 and a debt-to-equity ratio of 3.65. The firm has a market capitalization of $5,500.00 and a PE ratio of -15.89. Calpine Co. has a twelve month low of $9.30 and a twelve month high of $15.25.
CPN has been the subject of several recent research reports. SunTrust Banks reissued a “hold” rating and issued a $15.00 price objective on shares of Calpine in a report on Friday, November 17th. Zacks Investment Research raised Calpine from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, December 19th. Finally, ValuEngine raised Calpine from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.75.
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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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