Paloma Partners Management Co purchased a new stake in Calpine Co. (NYSE:CPN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 151,000 shares of the utilities provider’s stock, valued at approximately $2,285,000.
Other institutional investors have also modified their holdings of the company. Two Sigma Securities LLC acquired a new stake in Calpine in the fourth quarter valued at $414,000. Halcyon Management Partners LP raised its stake in Calpine by 70.3% in the fourth quarter. Halcyon Management Partners LP now owns 2,752,313 shares of the utilities provider’s stock valued at $41,643,000 after buying an additional 1,136,260 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Calpine by 17.1% during the fourth quarter. Two Sigma Investments LP now owns 184,354 shares of the utilities provider’s stock worth $2,789,000 after purchasing an additional 26,941 shares during the last quarter. Vertex One Asset Management Inc. purchased a new position in shares of Calpine during the fourth quarter worth about $3,938,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Calpine during the fourth quarter worth about $417,000. Institutional investors own 78.35% of the company’s stock.
A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Calpine from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, December 19th. ValuEngine upgraded shares of Calpine from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, SunTrust Banks reiterated a “hold” rating on shares of Calpine in a research report on Wednesday, March 7th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.75.
Shares of CPN stock traded up $0.01 during trading on Wednesday, reaching $15.25. 4,962,200 shares of the company were exchanged, compared to its average volume of 5,558,254. Calpine Co. has a 12-month low of $9.30 and a 12-month high of $15.25. 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 stock has a market cap of $5,500.00 and a PE ratio of -15.89.
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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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