Cedar Hill Associates LLC reduced its stake in Calpine Co. (NYSE:CPN) by 18.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,405 shares of the utilities provider’s stock after selling 119,225 shares during the period. Cedar Hill Associates LLC owned 0.15% of Calpine worth $7,779,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Aviva PLC grew its stake in Calpine by 18.9% in the 2nd quarter. Aviva PLC now owns 227,447 shares of the utilities provider’s stock worth $3,077,000 after acquiring an additional 36,120 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Calpine during the second quarter valued at approximately $9,242,000. IndexIQ Advisors LLC bought a new position in shares of Calpine during the third quarter valued at approximately $14,516,000. Gamco Investors INC. ET AL bought a new position in shares of Calpine during the third quarter valued at approximately $3,022,000. Finally, Commonwealth Bank of Australia boosted its stake in shares of Calpine by 20.0% during the second quarter. Commonwealth Bank of Australia now owns 110,622 shares of the utilities provider’s stock valued at $1,496,000 after purchasing an additional 18,400 shares in the last quarter. Institutional investors and hedge funds own 85.98% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. SunTrust Banks reiterated a “hold” rating and set a $15.00 price objective on shares of Calpine in a research note on Friday, November 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $15.25 price objective on shares of Calpine in a research note on Monday, October 30th. Zacks Investment Research downgraded shares of Calpine from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Citigroup downgraded shares of Calpine from a “buy” rating to a “neutral” rating and increased their price objective for the company from $15.00 to $15.25 in a research note on Friday, September 8th. Finally, Macquarie downgraded shares of Calpine from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 31st. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Calpine presently has an average rating of “Hold” and an average price target of $15.08.

Shares of Calpine Co. (NYSE:CPN) opened at $15.09 on Monday. Calpine Co. has a one year low of $9.30 and a one year 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.

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About Calpine

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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