An issue of Calpine Co. (NYSE:CPN) debt rose 1.1% against its face value during trading on Monday. The high-yield debt issue has a 5.375% coupon and is set to mature on January 15, 2023. The bonds in the issue are now trading at $96.25. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its stock price.

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 company has a debt-to-equity ratio of 3.65, a quick ratio of 0.96 and a current ratio of 1.23.

An institutional investor recently bought a new position in Calpine stock. Whittier Trust Co. of Nevada Inc. bought a new stake in Calpine Co. (NYSE:CPN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,500 shares of the utilities provider’s stock, valued at approximately $179,000. Institutional investors own 78.35% of the company’s stock.

Calpine Company Profile (NYSE:CPN)

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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