Dimensional Fund Advisors LP raised its position in Dynegy Inc. (NYSE:DYN) by 89.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,107,087 shares of the company’s stock after buying an additional 1,462,853 shares during the period. Dimensional Fund Advisors LP owned about 2.65% of Dynegy worth $53,565,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of DYN. Aperio Group LLC increased its position in shares of Dynegy by 37.4% in the first quarter. Aperio Group LLC now owns 27,806 shares of the company’s stock worth $400,000 after buying an additional 7,563 shares during the last quarter. Virginia Retirement System acquired a new position in shares of Dynegy during the first quarter worth about $328,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of 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 worth $2,040,000 after buying an additional 48,154 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Dynegy by 182.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,133,069 shares of the company’s stock worth $16,282,000 after buying an additional 732,608 shares during the last quarter. Finally, Teachers Advisors Inc. increased its position in shares of Dynegy by 426.7% in the first quarter. Teachers Advisors Inc. now owns 1,096,211 shares of the company’s stock worth $15,753,000 after buying an additional 888,102 shares during the last quarter.
Dynegy Inc. (NYSE:DYN) traded up 0.39% during trading on Friday, hitting $12.81. 236,430 shares of the stock were exchanged. Dynegy Inc. has a 12-month low of $7.20 and a 12-month high of $24.05. The stock’s 50-day moving average price is $12.79 and its 200-day moving average price is $15.58. The firm’s market cap is $1.50 billion.
Dynegy (NYSE:DYN) last announced its earnings results on Wednesday, August 3rd. The company reported ($6.73) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.50) by $6.23. Dynegy had a negative net margin of 22.67% and a negative return on equity of 11.83%. On average, equities analysts expect that Dynegy Inc. will post ($1.87) EPS for the current year.
A number of brokerages have recently issued reports on DYN. Deutsche Bank AG reaffirmed a “buy” rating and set a $35.00 price target on shares of Dynegy in a research report on Thursday, August 25th. Citigroup Inc. downgraded Dynegy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $20.00 to $21.00 in a research report on Friday, June 10th. Zacks Investment Research lowered shares of Dynegy from a “hold” rating to a “sell” rating in a report on Monday, September 19th. SunTrust Banks Inc. dropped their price objective on shares of Dynegy from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, August 24th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Dynegy in a report on Friday, June 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. Dynegy presently has an average rating of “Buy” and an average target price of $26.86.
Dynegy Company Profile
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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