Swiss National Bank increased its holdings in Calpine Co. (NYSE:CPN) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 636,500 shares of the utilities provider’s stock after purchasing an additional 35,100 shares during the period. Swiss National Bank owned 176,521.16% of Calpine worth $9,388,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its position 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 valued at $102,000 after purchasing an additional 2,443 shares during the period. Hourglass Capital LLC purchased a new stake in shares of Calpine in the second quarter valued at $135,000. Virtu KCG Holdings LLC grew its position 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 valued at $144,000 after purchasing an additional 167 shares during the period. Wedbush Securities Inc. purchased a new stake in Calpine during the second quarter valued at about $145,000. Finally, Bfsg LLC purchased a new stake in Calpine during the second quarter valued at about $161,000. 85.98% of the stock is owned by institutional investors and hedge funds.
CPN has been the subject of a number of research reports. Royal Bank Of Canada reissued a “hold” rating and set a $15.25 price target on shares of Calpine in a research report on Monday, October 30th. Citigroup downgraded Calpine from a “buy” rating to a “neutral” rating and boosted their price target for the company from $15.00 to $15.25 in a research report on Friday, September 8th. Macquarie downgraded Calpine from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 31st. Zacks Investment Research downgraded Calpine from a “hold” rating to a “strong sell” rating in a research report on Monday, October 2nd. Finally, SunTrust Banks reissued a “hold” rating and set a $15.00 price target on shares of Calpine in a research report on Friday, November 17th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.08.
Shares of Calpine Co. (NYSE CPN) traded up $0.03 on Wednesday, hitting $15.08. The company’s stock had a trading volume of 4,753,358 shares, compared to its average volume of 6,019,362. Calpine Co. has a 12 month low of $9.30 and a 12 month high of $15.11. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.10 and a current ratio of 1.33.
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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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