ClariVest Asset Management LLC boosted its position in Dynegy Inc. (NYSE:DYN) by 43.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,427 shares of the company’s stock after buying an additional 23,527 shares during the period. ClariVest Asset Management LLC’s holdings in Dynegy were worth $1,335,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of DYN. BlackRock Inc. boosted its stake in shares of Dynegy by 5.2% in the first quarter. BlackRock Inc. now owns 14,088 shares of the company’s stock worth $203,000 after buying an additional 696 shares in the last quarter. Virginia Retirement System purchased a new stake in shares of Dynegy during the first quarter worth about $328,000. Aperio Group LLC boosted its stake 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 in the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Dynegy during the second quarter worth about $503,000. Finally, Strs Ohio boosted its stake in shares of Dynegy by 5,075.0% in the second quarter. Strs Ohio now owns 62,100 shares of the company’s stock worth $1,070,000 after buying an additional 60,900 shares in the last quarter.
Shares of Dynegy Inc. (NYSE:DYN) traded up 2.61% on Thursday, reaching $12.60. 3,265,592 shares of the company’s stock traded hands. The company’s 50-day moving average price is $12.82 and its 200 day moving average price is $15.56. Dynegy Inc. has a one year low of $7.20 and a one year high of $23.79. The firm’s market cap is $1.48 billion.
Dynegy (NYSE:DYN) last released its earnings results on Wednesday, August 3rd. The company reported ($6.73) earnings per share 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 forecast that Dynegy Inc. will post ($1.87) EPS for the current fiscal year.
A number of research firms have recently weighed in on DYN. Deutsche Bank AG dropped their price target on shares of Dynegy from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Citigroup Inc. upgraded shares of Dynegy from a “neutral” rating to a “buy” rating and dropped their price target for the company from $21.00 to $19.00 in a research report on Wednesday, June 29th. Zacks Investment Research downgraded shares of Dynegy from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. SunTrust Banks Inc. dropped their price target on shares of Dynegy from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, August 24th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Dynegy in a research report on Friday, June 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.00.
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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