Advisors Asset Management Inc. increased its stake in Dynegy Inc. (NYSE:DYN) by 13.5% during the second quarter, Holdings Channel reports. The firm owned 34,352 shares of the company’s stock after buying an additional 4,097 shares during the period. Advisors Asset Management Inc.’s holdings in Dynegy were worth $592,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Aperio Group LLC raised its stake in Dynegy by 37.4% in the first quarter. Aperio Group LLC now owns 27,806 shares of the company’s stock valued at $400,000 after buying an additional 7,563 shares during the period. Virginia Retirement System bought a new stake in Dynegy during the first quarter valued at about $328,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in Dynegy by 51.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 141,975 shares of the company’s stock valued at $2,040,000 after buying an additional 48,154 shares during the period. TIAA CREF Investment Management LLC raised its stake in Dynegy by 182.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,133,069 shares of the company’s stock valued at $16,282,000 after buying an additional 732,608 shares during the period. Finally, Teachers Advisors Inc. raised its stake in Dynegy by 426.7% in the first quarter. Teachers Advisors Inc. now owns 1,096,211 shares of the company’s stock valued at $15,753,000 after buying an additional 888,102 shares during the period.
Shares of Dynegy Inc. (NYSE:DYN) traded down 0.039% during trading on Monday, hitting $12.965. The stock had a trading volume of 646,916 shares. Dynegy Inc. has a 52 week low of $7.20 and a 52 week high of $24.25. The company’s market capitalization is $1.52 billion. The firm has a 50-day moving average price of $12.81 and a 200 day moving average price of $15.56.
Dynegy (NYSE:DYN) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($6.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.50) by $6.23. Dynegy had a negative net margin of 22.67% and a negative return on equity of 11.83%. Equities analysts anticipate that Dynegy Inc. will post ($1.79) earnings per share for the current year.
DYN has been the topic of several analyst reports. Citigroup Inc. lowered Dynegy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $20.00 to $21.00 in a report on Friday, June 10th. Deutsche Bank AG reissued a “buy” rating and set a $21.00 target price on shares of Dynegy in a report on Friday, June 17th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Dynegy in a research note on Friday, June 17th. SunTrust Banks Inc. raised Dynegy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $20.00 in a research note on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Wolfe Research lowered Dynegy from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $26.86.
Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.
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