Teachers Advisors LLC Decreases Position in Calpine Co. (CPN)

Teachers Advisors LLC lessened its position in shares of Calpine Co. (NYSE:CPN) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 757,322 shares of the utilities provider’s stock after selling 19,789 shares during the period. Teachers Advisors LLC owned 0.21% of Calpine worth $11,458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CPN. Pentwater Capital Management LP bought a new stake in Calpine in the third quarter worth about $122,425,000. Alpine Associates Management Inc. bought a new stake in shares of Calpine in the third quarter valued at approximately $99,840,000. Beryl Capital Management LLC bought a new stake in shares of Calpine in the fourth quarter valued at approximately $88,453,000. Farallon Capital Management LLC raised its position in shares of Calpine by 67.2% in the fourth quarter. Farallon Capital Management LLC now owns 10,801,403 shares of the utilities provider’s stock valued at $163,425,000 after purchasing an additional 4,341,403 shares during the period. Finally, Gardner Lewis Asset Management L P raised its position in shares of Calpine by 274.1% in the fourth quarter. Gardner Lewis Asset Management L P now owns 5,524,421 shares of the utilities provider’s stock valued at $83,584,000 after purchasing an additional 4,047,621 shares during the period. 78.35% of the stock is owned by institutional investors and hedge funds.

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CPN traded up $0.01 during trading on Tuesday, hitting $15.25. 4,962,200 shares of the stock traded hands, compared to its average volume of 5,558,254. The company has a debt-to-equity ratio of 3.65, a current ratio of 1.23 and a quick ratio of 0.96. Calpine Co. has a 12-month low of $9.30 and a 12-month high of $15.25.



Several research firms have recently issued reports on CPN. Zacks Investment Research lowered shares of Calpine from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. ValuEngine raised shares of Calpine from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, SunTrust Banks reissued a “hold” rating on shares of Calpine in a research note on Wednesday, March 7th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Calpine has an average rating of “Hold” and an average price target of $14.75.

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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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