Cedar Hill Associates LLC reduced its position in Calpine Co. (NYSE:CPN) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 478,255 shares of the utilities provider’s stock after selling 49,150 shares during the period. Cedar Hill Associates LLC owned about 0.13% of Calpine worth $7,236,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Amalgamated Bank increased its position in Calpine by 6.3% in 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 during the last quarter. Aperio Group LLC increased its holdings 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 valued at $1,717,000 after acquiring an additional 4,402 shares during the last quarter. Pacer Advisors Inc. increased its holdings 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 valued at $762,000 after acquiring an additional 5,252 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings 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 valued at $22,849,000 after acquiring an additional 5,499 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 valued at $284,000 after acquiring an additional 6,051 shares during the last quarter. 78.35% of the stock is currently owned by institutional investors.
CPN has been the topic of a number of analyst reports. SunTrust Banks reissued a “hold” rating on shares of Calpine in a report on Wednesday, March 7th. ValuEngine raised Calpine from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research lowered Calpine from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Calpine has a consensus rating of “Hold” and an average target price of $14.75.
Shares of Calpine stock opened at $15.25 on Thursday. Calpine Co. has a 52 week low of $9.30 and a 52 week high of $15.25. The firm has a market capitalization of $5,500.00 and a P/E ratio of -15.89. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.96 and a current ratio of 1.23.
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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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