Eii Capital Management Inc. Sells 12,400 Shares of Calpine Co. (CPN)

Eii Capital Management Inc. decreased its position in shares of Calpine Co. (NYSE:CPN) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,530 shares of the utilities provider’s stock after selling 12,400 shares during the quarter. Eii Capital Management Inc.’s holdings in Calpine were worth $2,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in Calpine by 56.7% in the second quarter. Russell Investments Group Ltd. now owns 202,132 shares of the utilities provider’s stock valued at $2,735,000 after buying an additional 73,153 shares during the last quarter. Sei Investments Co. lifted its position in Calpine by 5.6% in the second quarter. Sei Investments Co. now owns 211,122 shares of the utilities provider’s stock valued at $2,857,000 after buying an additional 11,285 shares during the last quarter. Trexquant Investment LP acquired a new position in Calpine in the second quarter valued at about $241,000. Schwab Charles Investment Management Inc. lifted its position in Calpine by 15.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,485,288 shares of the utilities provider’s stock valued at $20,096,000 after buying an additional 195,975 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Calpine by 34.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 69,769 shares of the utilities provider’s stock valued at $944,000 after buying an additional 18,003 shares during the last quarter. 85.98% of the stock is currently owned by hedge funds and other institutional investors.

CPN has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Calpine from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Macquarie cut shares of Calpine from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 31st. Guggenheim cut shares of Calpine from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $15.25 in a research report on Monday, August 21st. SunTrust Banks reissued a “hold” rating and set a $15.00 price target on shares of Calpine in a research report on Friday, November 17th. Finally, Royal Bank of Canada cut shares of Calpine from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $15.00 to $15.25 in a research report on Monday, August 21st. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Calpine currently has an average rating of “Hold” and a consensus price target of $15.08.

Shares of Calpine Co. (NYSE CPN) opened at $15.10 on Wednesday. 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 one year low of $9.30 and a one year high of $15.15.

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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.

Institutional Ownership by Quarter for Calpine (NYSE:CPN)

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