Paloma Partners Management Co purchased a new stake in Calpine Co. (NYSE:CPN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 151,000 shares of the utilities provider’s stock, valued at approximately $2,285,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Calpine by 47.7% in 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. FNY Partners Fund LP lifted its stake in shares of Calpine by 101.3% in the 4th quarter. FNY Partners Fund LP now owns 736,098 shares of the utilities provider’s stock valued at $11,137,000 after acquiring an additional 370,498 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Calpine in the 4th quarter valued at $8,473,000. Ontario Teachers Pension Plan Board lifted its stake in shares of Calpine by 215.9% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 140,000 shares of the utilities provider’s stock valued at $2,118,000 after acquiring an additional 95,679 shares during the last quarter. Finally, Pentwater Capital Management LP bought a new position in shares of Calpine in the 3rd quarter valued at $122,425,000. Institutional investors own 78.35% of the company’s stock.
Shares of Calpine Co. (NYSE CPN) opened at $15.25 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.96 and a debt-to-equity ratio of 3.65. Calpine Co. has a 1-year low of $9.30 and a 1-year high of $15.25. The firm has a market capitalization of $5,500.00 and a PE ratio of -15.89.
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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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