Calpine Co. (CPN) Holdings Raised by Boothbay Fund Management LLC
Boothbay Fund Management LLC raised its position in shares of Calpine Co. (NYSE:CPN) by 1,593.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 337,000 shares of the utilities provider’s stock after acquiring an additional 317,100 shares during the period. Calpine makes up 0.8% of Boothbay Fund Management LLC’s portfolio, making the stock its 20th biggest holding. Boothbay Fund Management LLC owned approximately 0.09% of Calpine worth $4,971,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Aviva PLC boosted its holdings in Calpine by 18.9% during the second quarter. Aviva PLC now owns 227,447 shares of the utilities provider’s stock valued at $3,077,000 after acquiring an additional 36,120 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Calpine during the second quarter valued at about $9,242,000. IndexIQ Advisors LLC bought a new stake in Calpine during the third quarter valued at about $14,516,000. Gamco Investors INC. ET AL bought a new stake in Calpine during the third quarter valued at about $3,022,000. Finally, Commonwealth Bank of Australia boosted its holdings in Calpine by 20.0% during the second quarter. Commonwealth Bank of Australia now owns 110,622 shares of the utilities provider’s stock valued at $1,496,000 after acquiring an additional 18,400 shares during the period. Institutional investors own 85.98% of the company’s stock.
A number of research firms have issued reports on CPN. SunTrust Banks restated a “hold” rating and set a $15.00 price target on shares of Calpine in a report on Friday, November 17th. Royal Bank Of Canada restated a “hold” rating and set a $15.25 price target on shares of Calpine in a report on Monday, October 30th. Zacks Investment Research lowered shares of Calpine from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Citigroup lowered shares of Calpine from a “buy” rating to a “neutral” rating and upped their price objective for the company from $15.00 to $15.25 in a research report on Friday, September 8th. Finally, Macquarie lowered shares of Calpine from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 31st. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.08.
Shares of Calpine Co. (NYSE:CPN) traded up $0.03 on Thursday, hitting $15.08. 4,753,300 shares of the stock were exchanged, compared to its average volume of 6,019,362. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.33 and a quick ratio of 1.10. Calpine Co. has a 1-year low of $9.30 and a 1-year high of $15.11.
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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