Calpine Co. (CPN) Shares Sold by Barings LLC

Barings LLC cut its holdings in shares of Calpine Co. (NYSE:CPN) by 60.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,400 shares of the utilities provider’s stock after selling 31,100 shares during the period. Barings LLC’s holdings in Calpine were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPN. Commonwealth Bank of Australia boosted its position in Calpine by 6.2% in the 3rd quarter. Commonwealth Bank of Australia now owns 117,522 shares of the utilities provider’s stock valued at $1,729,000 after buying an additional 6,900 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Calpine by 59.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,091,667 shares of the utilities provider’s stock valued at $16,102,000 after buying an additional 408,601 shares during the last quarter. Legal & General Group Plc boosted its position in Calpine by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 1,606,064 shares of the utilities provider’s stock valued at $23,691,000 after buying an additional 22,543 shares during the last quarter. FNY Partners Fund LP bought a new position in Calpine in the 3rd quarter valued at $5,392,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of Calpine in the 3rd quarter valued at $4,109,000. Institutional investors and hedge funds own 85.98% of the company’s stock.

A number of research firms have recently weighed in on CPN. Royal Bank Of Canada reissued a “hold” rating and issued a $15.25 price target on shares of Calpine in a research note on Monday, October 30th. Zacks Investment Research raised Calpine from a “strong sell” rating to a “hold” rating in a research note on Monday, September 25th. Citigroup downgraded Calpine from a “buy” rating to a “neutral” rating and increased their price target for the company from $15.00 to $15.25 in a research note on Friday, September 8th. BidaskClub downgraded Calpine from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, SunTrust Banks reissued a “hold” rating and issued a $15.00 price target on shares of Calpine in a research note on Friday, November 17th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.08.

Shares of Calpine Co. (NYSE CPN) opened at $15.05 on Wednesday. Calpine Co. has a 12 month low of $9.30 and a 12 month high of $15.11. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.33 and a quick ratio of 1.10.

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Calpine Company 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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