Dynegy Inc. (DYN) Stake Increased by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its stake in Dynegy Inc. (NYSE:DYN) by 93.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 10,647 shares of the company’s stock after buying an additional 5,143 shares during the period. BNP Paribas Arbitrage SA’s holdings in Dynegy were worth $129,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Lasry Marc boosted its stake in Dynegy by 85.1% in the first quarter. Lasry Marc now owns 6,078,318 shares of the company’s stock valued at $87,346,000 after buying an additional 2,794,068 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Dynegy by 237.6% in the first quarter. Renaissance Technologies LLC now owns 1,459,300 shares of the company’s stock valued at $20,970,000 after buying an additional 1,027,000 shares during the last quarter. Bogle Investment Management L P DE purchased a new stake in Dynegy during the first quarter valued at $2,039,000. Picton Mahoney Asset Management purchased a new stake in Dynegy during the first quarter valued at $2,391,000. Finally, BlackRock Japan Co. Ltd boosted its stake in Dynegy by 73.2% in the first quarter. BlackRock Japan Co. Ltd now owns 94,646 shares of the company’s stock valued at $1,360,000 after buying an additional 39,990 shares during the last quarter.
Dynegy Inc. (NYSE:DYN) opened at 12.28 on Thursday. Dynegy Inc. has a one year low of $7.20 and a one year high of $23.79. The stock’s market capitalization is $1.44 billion. The company has a 50-day moving average of $12.82 and a 200-day moving average of $15.56.
Dynegy (NYSE:DYN) last issued its earnings results on Wednesday, August 3rd. The company reported ($6.73) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.50) by $6.23. Dynegy had a negative return on equity of 11.83% and a negative net margin of 22.67%. On average, equities analysts forecast that Dynegy Inc. will post ($1.87) EPS for the current fiscal year.
Several analysts have weighed in on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $35.00 price objective on shares of Dynegy in a research report on Thursday, August 25th. Zacks Investment Research cut Dynegy from a “hold” rating to a “sell” rating in a research report on Wednesday. Royal Bank Of Canada reissued a “buy” rating on shares of Dynegy in a research report on Friday, June 17th. SunTrust Banks Inc. dropped their price target on Dynegy from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, August 24th. Finally, Wolfe Research cut Dynegy from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus 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.
Want to see what other hedge funds are holding DYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dynegy Inc. (NYSE:DYN).
Receive News & Ratings for Dynegy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynegy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.