Strs Ohio increased its position in shares of Dynegy Inc. (NYSE:DYN) by 5,075.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,100 shares of the company’s stock after buying an additional 60,900 shares during the period. Strs Ohio’s holdings in Dynegy were worth $1,070,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of DYN. BlackRock Inc. raised its position in 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 during the period. Virginia Retirement System acquired a new position in Dynegy during the first quarter worth $328,000. Aperio Group LLC raised its position in 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 period. Americafirst Capital Management LLC acquired a new position in Dynegy during the second quarter worth $503,000. Finally, Nordea Investment Management AB raised its position in Dynegy by 43.6% in the second quarter. Nordea Investment Management AB now owns 77,400 shares of the company’s stock worth $1,334,000 after buying an additional 23,500 shares during the period.
Shares of Dynegy Inc. (NYSE:DYN) traded down 0.48% during trading on Friday, reaching $12.55. 2,527,508 shares of the company’s stock traded hands. The stock has a 50-day moving average of $12.80 and a 200-day moving average of $15.53. The company’s market capitalization is $1.47 billion. Dynegy Inc. has a 1-year low of $7.20 and a 1-year high of $23.79.
Dynegy (NYSE:DYN) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($6.73) earnings per share (EPS) for the quarter, missing the 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 predict that Dynegy Inc. will post ($1.87) EPS for the current fiscal year.
A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Dynegy from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. SunTrust Banks Inc. upgraded shares of Dynegy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $20.00 in a report on Wednesday, June 29th. They noted that the move was a valuation call. Deutsche Bank AG cut their price target on shares of Dynegy from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 5th. Citigroup Inc. upgraded shares of Dynegy from a “neutral” rating to a “buy” rating and cut their price target for the stock from $21.00 to $19.00 in a report on Wednesday, June 29th. Finally, Wolfe Research downgraded shares of Dynegy from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Dynegy currently has a consensus rating of “Hold” and an average target price of $24.00.
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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