Paloma Partners Management Co purchased a new position in shares of Calpine Co. (NYSE:CPN) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 151,000 shares of the utilities provider’s stock, valued at approximately $2,285,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its position in shares of Calpine by 6.3% during the 4th quarter. Amalgamated Bank now owns 68,971 shares of the utilities provider’s stock worth $1,044,000 after purchasing an additional 4,101 shares in the last quarter. Aperio Group LLC boosted its position in shares of Calpine by 4.0% during the 4th quarter. Aperio Group LLC now owns 113,516 shares of the utilities provider’s stock worth $1,717,000 after purchasing an additional 4,402 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Calpine by 11.3% during the 3rd quarter. Pacer Advisors Inc. now owns 51,685 shares of the utilities provider’s stock worth $762,000 after purchasing an additional 5,252 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Calpine by 0.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,510,128 shares of the utilities provider’s stock worth $22,849,000 after purchasing an additional 5,499 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Calpine by 47.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,738 shares of the utilities provider’s stock worth $284,000 after purchasing an additional 6,051 shares in the last quarter. 78.35% of the stock is currently owned by institutional investors.

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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Calpine from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Tuesday, December 19th. SunTrust Banks reissued a “hold” rating and set a $15.00 price objective on shares of Calpine in a research report on Friday, November 17th. Finally, ValuEngine raised shares of Calpine from a “sell” rating to a “hold” rating 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 company. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.75.

Calpine Co. (NYSE:CPN) opened at $15.25 on Wednesday. Calpine Co. has a 1 year low of $9.30 and a 1 year high of $15.25. The firm has a market cap of $5,500.00 and a PE ratio of -15.89. The company has a debt-to-equity ratio of 3.65, a current ratio of 1.23 and a quick ratio of 0.96.

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About Calpine

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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Institutional Ownership by Quarter for Calpine (NYSE:CPN)

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