K2 Principal Fund L.P. Invests $4.11 Million in Calpine Corporation (CPN) Stock

K2 Principal Fund L.P. acquired a new stake in shares of Calpine Corporation (NYSE:CPN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 278,569 shares of the utilities provider’s stock, valued at approximately $4,109,000. K2 Principal Fund L.P. owned approximately 0.08% of Calpine Corporation at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake 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 worth $2,735,000 after purchasing an additional 73,153 shares during the period. Personal Capital Advisors Corp increased its holdings in Calpine Corporation by 521.1% in the 2nd quarter. Personal Capital Advisors Corp now owns 224,306 shares of the utilities provider’s stock worth $3,035,000 after acquiring an additional 188,193 shares during the last quarter. Eagle Global Advisors LLC purchased a new stake in Calpine Corporation in the 2nd quarter worth about $172,000. Sei Investments Co. increased its holdings in Calpine Corporation by 5.6% in the 2nd quarter. Sei Investments Co. now owns 211,122 shares of the utilities provider’s stock worth $2,857,000 after acquiring an additional 11,285 shares during the last quarter. Finally, BP PLC purchased a new stake in Calpine Corporation in the 2nd quarter worth about $1,825,000. Institutional investors and hedge funds own 99.57% of the company’s stock.

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Several brokerages recently weighed in on CPN. Royal Bank Of Canada reissued a “hold” rating and issued a $15.25 price objective on shares of Calpine Corporation in a report on Monday, October 30th. BMO Capital Markets reissued a “buy” rating and issued a $14.00 price objective on shares of Calpine Corporation in a report on Friday, July 28th. ValuEngine raised Calpine Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research raised Calpine Corporation from a “strong sell” rating to a “hold” rating in a report on Monday, September 25th. Finally, BidaskClub raised Calpine Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.08.

Calpine Corporation (CPN) opened at $15.02 on Friday. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.33 and a quick ratio of 1.10. Calpine Corporation has a twelve month low of $9.30 and a twelve month high of $15.11.

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.

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Institutional Ownership by Quarter for Calpine Corporation (NYSE:CPN)

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