Nisa Investment Advisors LLC boosted its position in Dynegy Inc. (NYSE:DYN) by 419.2% during the second quarter, Holdings Channel reports. The fund owned 67,500 shares of the utilities provider’s stock after buying an additional 54,500 shares during the period. Nisa Investment Advisors LLC’s holdings in Dynegy were worth $552,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in DYN. Quadrature Capital Ltd purchased a new stake in Dynegy during the fourth quarter worth $460,000. DUPONT CAPITAL MANAGEMENT Corp increased its stake in Dynegy by 9.5% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 259,552 shares of the utilities provider’s stock worth $2,040,000 after buying an additional 22,600 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Dynegy by 77.8% in the first quarter. Canada Pension Plan Investment Board now owns 525,200 shares of the utilities provider’s stock worth $4,128,000 after buying an additional 229,800 shares during the last quarter. First Trust Advisors LP increased its stake in Dynegy by 64.8% in the first quarter. First Trust Advisors LP now owns 57,645 shares of the utilities provider’s stock worth $453,000 after buying an additional 22,663 shares during the last quarter. Finally, HPM Partners LLC purchased a new stake in Dynegy during the first quarter worth $910,000.
Shares of Dynegy Inc. (NYSE:DYN) traded up 0.910% during mid-day trading on Thursday, reaching $8.315. The company’s stock had a trading volume of 820,841 shares. Dynegy Inc. has a 52-week low of $5.84 and a 52-week high of $14.45. The company has a 50-day moving average price of $8.38 and a 200 day moving average price of $8.01. The company’s market cap is $1.09 billion.
Dynegy (NYSE:DYN) last announced its earnings results on Thursday, August 3rd. The utilities provider reported ($0.83) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.61. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $972.27 million. Dynegy had a negative return on equity of 12.97% and a negative net margin of 2.72%. Equities analysts expect that Dynegy Inc. will post ($0.69) earnings per share for the current year.
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DYN has been the subject of a number of recent research reports. Deutsche Bank AG upgraded Dynegy from a “sell” rating to a “hold” rating and boosted their target price for the stock from $6.00 to $7.00 in a research report on Wednesday, April 26th. BidaskClub upgraded Dynegy from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Barclays PLC restated a “buy” rating and issued a $13.00 target price on shares of Dynegy in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.82.
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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