Westchester Capital Management LLC Lifted Calpine Corporation (CPN) Position by $13.65 Million as Market Value Were Volatile

April 24, 2018 - By Graig Alexander

Calpine Corporation (NYSE:CPN) LogoInvestors sentiment decreased to 0.85 in 2017 Q4. Its down 0.10, from 0.95 in 2017Q3. It fall, as 36 investors sold CPN shares while 78 reduced holdings. 33 funds opened positions while 64 raised stakes. 238.57 million shares or 12.55% less from 272.79 million shares in 2017Q3 were reported. Boothbay Fund Management Ltd Liability has 124,375 shares for 0.28% of their portfolio. Stifel Fincl holds 20,753 shares or 0% of its portfolio. 65,000 are owned by State Of New Jersey Common Pension Fund D. Gideon accumulated 0.31% or 23,046 shares. 190,100 were reported by Kellner Cap Lc. Macquarie owns 0% invested in Calpine Corporation (NYSE:CPN) for 4,200 shares. Rhumbline Advisers has 0.01% invested in Calpine Corporation (NYSE:CPN) for 345,560 shares. Citadel Advsrs Ltd Liability invested in 4.13 million shares. D E Shaw Incorporated reported 42,981 shares. Peconic Prtnrs Llc invested in 0.14% or 64,190 shares. Pinebridge Invs Limited Partnership reported 0.02% in Calpine Corporation (NYSE:CPN). Tiaa Cref Management, New York-based fund reported 548,339 shares. Canada Pension Plan Investment Board holds 1.89 million shares or 0.05% of its portfolio. Natl Bank Of America De invested 0% of its portfolio in Calpine Corporation (NYSE:CPN). Brown Brothers Harriman reported 0% in Calpine Corporation (NYSE:CPN).

Since December 12, 2017, it had 0 insider buys, and 2 selling transactions for $3.26 million activity. Hill Thad sold 38,304 shares worth $577,624.

Westchester Capital Management Llc increased its stake in Calpine Corporation (CPN) by 27.76% based on its latest 2017Q4 regulatory filing with the SEC. Westchester Capital Management Llc bought 910,044 shares as the company’s stock 0.00% . The institutional investor held 4.19 million shares of the central company at the end of 2017Q4, valued at $63.37 million, up from 3.28 million at the end of the previous reported quarter. Westchester Capital Management Llc who had been investing in Calpine Corporation for a number of months, seems to be bullish on the $5.50B market cap company. It closed at $15.25 lastly. It is up 0.00% since April 24, 2017 and is . It has underperformed by 11.55% the S&P500.

Westchester Capital Management Llc, which manages about $5.44B and $2.56B US Long portfolio, decreased its stake in Altaba Inc. by 595,423 shares to 4.28 million shares, valued at $298.97M in 2017Q4, according to the filing. It also reduced its holding in American International Group Inc. (Put) (NYSE:AIG) by 617,400 shares in the quarter, leaving it with 697,300 shares, and cut its stake in Spdr S&P 500 Etf Tr (Put) (SPY).

Calpine Corporation (NYSE:CPN) Ratings Coverage

Among 3 analysts covering Calpine Corp (NYSE:CPN), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Calpine Corp had 3 analyst reports since October 29, 2017 according to SRatingsIntel. The company was maintained on Tuesday, March 13 by Guggenheim. The company was maintained on Wednesday, March 7 by SunTrust. The firm has “Hold” rating by RBC Capital Markets given on Sunday, October 29.

Calpine Corporation (NYSE:CPN) Ratings Chart

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