Two Sigma Securities LLC acquired a new stake in Calpine Co. (NYSE:CPN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,330 shares of the utilities provider’s stock, valued at approximately $414,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of Calpine in the fourth quarter valued at about $128,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Calpine in the fourth quarter valued at about $172,000. GSA Capital Partners LLP acquired a new stake in shares of Calpine in the third quarter valued at about $236,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Calpine by 47.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,738 shares of the utilities provider’s stock valued at $284,000 after purchasing an additional 6,051 shares during the period. Finally, Green Square Capital LLC acquired a new stake in shares of Calpine in the third quarter valued at about $283,000. Hedge funds and other institutional investors own 78.35% of the company’s stock.
CPN has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Calpine from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine upgraded shares of Calpine from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, SunTrust Banks restated a “hold” rating on shares of Calpine 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 stock has an average rating of “Hold” and a consensus price target of $14.75.
Shares of Calpine stock traded up $0.01 during midday trading on Thursday, hitting $15.25. 4,962,200 shares of the stock were exchanged, compared to its average volume of 5,558,254. The stock has a market capitalization of $5,500.00 and a P/E ratio of -15.89. Calpine Co. has a 1-year low of $9.30 and a 1-year 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.
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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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