Dynegy Inc. (DYN) Position Maintained by Royce & Associates LP
Royce & Associates LP maintained its position in Dynegy Inc. (NYSE:DYN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the utilities provider’s stock at the end of the 2nd quarter. Royce & Associates LP owned 0.08% of Dynegy worth $827,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Dynegy by 2.9% during the first quarter. Vanguard Group Inc. now owns 9,161,891 shares of the utilities provider’s stock worth $72,013,000 after purchasing an additional 262,194 shares in the last quarter. State Street Corp increased its stake in shares of Dynegy by 2.3% during the first quarter. State Street Corp now owns 2,260,225 shares of the utilities provider’s stock worth $17,767,000 after purchasing an additional 50,113 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Dynegy by 2.8% during the first quarter. Neuberger Berman Group LLC now owns 1,249,970 shares of the utilities provider’s stock worth $9,825,000 after purchasing an additional 33,672 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its stake in shares of Dynegy by 6.1% during the second quarter. ANTIPODES PARTNERS Ltd now owns 1,077,811 shares of the utilities provider’s stock worth $8,913,000 after purchasing an additional 62,166 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of Dynegy during the first quarter worth about $7,781,000.
Dynegy Inc. (NYSE:DYN) opened at 9.35 on Friday. The company’s 50-day moving average is $9.04 and its 200-day moving average is $8.04. Dynegy Inc. has a 52-week low of $5.84 and a 52-week high of $13.81. The firm’s market capitalization is $1.23 billion.
Dynegy (NYSE:DYN) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.83) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.61). Dynegy had a negative net margin of 2.72% and a negative return on equity of 12.97%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $972.27 million. Equities analysts predict that Dynegy Inc. will post ($0.69) earnings per share for the current year.
A number of analysts have recently commented on the stock. Guggenheim reissued a “buy” rating and set a $18.00 target price (up previously from $14.00) on shares of Dynegy in a research note on Monday, August 21st. BidaskClub raised shares of Dynegy from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Royal Bank Of Canada reissued a “hold” rating and set a $8.00 target price on shares of Dynegy in a research note on Monday, September 4th. Barclays PLC reissued a “buy” rating and set a $13.00 target price on shares of Dynegy in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG cut their target price on shares of Dynegy from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.68.
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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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