Calpine Co. (CPN) Holdings Trimmed by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Calpine Co. (NYSE:CPN) by 34.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,687 shares of the utilities provider’s stock after selling 6,602 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Calpine were worth $187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aviva PLC raised its stake in shares of Calpine by 18.9% in the second quarter. Aviva PLC now owns 227,447 shares of the utilities provider’s stock worth $3,077,000 after purchasing an additional 36,120 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Calpine during the second quarter valued at approximately $9,242,000. IndexIQ Advisors LLC purchased a new position in Calpine during the third quarter valued at approximately $14,516,000. Gamco Investors INC. ET AL purchased a new position in Calpine during the third quarter valued at approximately $3,022,000. Finally, Commonwealth Bank of Australia raised its position 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 in the last quarter. 85.98% of the stock is owned by institutional investors and hedge funds.

Shares of Calpine Co. (CPN) traded up $0.03 during trading hours on Thursday, hitting $15.08. The stock had a trading volume of 4,753,300 shares, compared to its average volume of 6,019,362. The company has a current ratio of 1.33, a quick ratio of 1.10 and a debt-to-equity ratio of 3.39. Calpine Co. has a 12-month low of $9.30 and a 12-month high of $15.11.

Several research analysts recently weighed in on the company. SunTrust Banks reiterated a “hold” rating and set a $15.00 price target on shares of Calpine in a research report on Friday, November 17th. Royal Bank Of Canada restated a “hold” rating and issued a $15.25 price objective on shares of Calpine in a research report on Monday, October 30th. Zacks Investment Research cut Calpine from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Citigroup cut Calpine from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $15.00 to $15.25 in a research report on Friday, September 8th. Finally, Macquarie cut Calpine from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 31st. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Calpine presently has an average rating of “Hold” and a consensus target price of $15.08.

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Calpine 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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Institutional Ownership by Quarter for Calpine (NYSE:CPN)

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