Calpine Co. (CPN) Shares Sold by RiverPark Advisors LLC

RiverPark Advisors LLC trimmed its position in Calpine Co. (NYSE:CPN) by 33.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,600 shares of the utilities provider’s stock after selling 84,000 shares during the period. RiverPark Advisors LLC’s holdings in Calpine were worth $2,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CPN. PNC Financial Services Group Inc. lifted its position in Calpine by 47.2% in the second quarter. PNC Financial Services Group Inc. now owns 7,618 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 2,443 shares during the period. Hourglass Capital LLC acquired a new stake in Calpine in the second quarter worth approximately $135,000. Virtu KCG Holdings LLC lifted its position in Calpine by 1.6% in the second quarter. Virtu KCG Holdings LLC now owns 10,636 shares of the utilities provider’s stock worth $144,000 after purchasing an additional 167 shares during the period. Wedbush Securities Inc. acquired a new stake in Calpine in the second quarter worth approximately $145,000. Finally, Bfsg LLC acquired a new stake in Calpine in the second quarter worth approximately $161,000. Hedge funds and other institutional investors own 85.98% of the company’s stock.

Shares of Calpine Co. (CPN) traded up $0.03 during trading hours on Thursday, reaching $15.08. 4,753,300 shares of the company’s stock traded hands, compared to its average volume of 6,019,362. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.10 and a current ratio of 1.33. Calpine Co. has a 52 week low of $9.30 and a 52 week high of $15.11.

Several research analysts have issued reports on the company. BidaskClub cut Calpine from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Guggenheim cut Calpine from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $15.25 in a report on Monday, August 21st. Royal Bank Of Canada cut Calpine from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $15.00 to $15.25 in a report on Monday, August 21st. Zacks Investment Research cut Calpine from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Finally, Macquarie cut Calpine from an “outperform” rating to a “neutral” rating in a report on Thursday, August 31st. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Calpine has a consensus rating of “Hold” and an average price target 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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