SG Americas Securities LLC Increases Stake in Calpine Corporation (CPN)

SG Americas Securities LLC grew its holdings in shares of Calpine Corporation (NYSE:CPN) by 2,178.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,044,058 shares of the utilities provider’s stock after buying an additional 998,237 shares during the period. SG Americas Securities LLC owned 0.29% of Calpine Corporation worth $15,400,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CPN. Wellington Management Group LLP bought a new stake in shares of Calpine Corporation during the 1st quarter valued at $1,366,000. HighTower Advisors LLC bought a new stake in shares of Calpine Corporation during the 1st quarter valued at $241,000. Russell Investments Group Ltd. boosted its holdings in shares of Calpine Corporation by 56.7% during the 2nd 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 in the last quarter. Personal Capital Advisors Corp boosted its holdings in shares of Calpine Corporation by 521.1% during the 2nd quarter. Personal Capital Advisors Corp now owns 224,306 shares of the utilities provider’s stock valued at $3,035,000 after buying an additional 188,193 shares in the last quarter. Finally, Eagle Global Advisors LLC bought a new stake in shares of Calpine Corporation during the 2nd quarter valued at $172,000. Hedge funds and other institutional investors own 95.80% of the company’s stock.

CPN has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $15.00 price target on shares of Calpine Corporation in a research report on Monday, July 24th. BidaskClub raised Calpine Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $14.00 price target on shares of Calpine Corporation in a research report on Friday, July 28th. Zacks Investment Research raised Calpine Corporation from a “strong sell” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Friday, October 13th. Finally, ValuEngine raised Calpine Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.08.

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In other news, Director Jack A. Fusco sold 348,100 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $14.73, for a total transaction of $5,127,513.00. Following the completion of the sale, the director now owns 344,835 shares of the company’s stock, valued at approximately $5,079,419.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack A. Fusco sold 949,525 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $14.72, for a total transaction of $13,977,008.00. Following the sale, the director now directly owns 344,835 shares of the company’s stock, valued at approximately $5,075,971.20. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Shares of Calpine Corporation (NYSE:CPN) traded up $0.03 during trading hours on Friday, reaching $15.03. The company’s stock had a trading volume of 2,889,900 shares, compared to its average volume of 6,140,376. Calpine Corporation has a fifty-two week low of $9.30 and a fifty-two week high of $15.11. The company has a quick ratio of 1.10, a current ratio of 1.33 and a debt-to-equity ratio of 3.39.

Calpine Corporation 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 Corporation (NYSE:CPN)

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