Geode Capital Management LLC Has $12.12 Million Stake in Dynegy (DYN)

Geode Capital Management LLC lessened its position in Dynegy (NYSE:DYN) by 23.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,022,684 shares of the utilities provider’s stock after selling 311,627 shares during the period. Geode Capital Management LLC owned about 0.71% of Dynegy worth $12,118,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Dynegy by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,057,590 shares of the utilities provider’s stock valued at $59,303,000 after buying an additional 150,258 shares during the last quarter. Point72 Asset Management L.P. increased its position in Dynegy by 6.9% during the third quarter. Point72 Asset Management L.P. now owns 4,865,431 shares of the utilities provider’s stock worth $47,633,000 after purchasing an additional 311,931 shares during the last quarter. Alpine Associates Management Inc. acquired a new position in Dynegy during the fourth quarter worth approximately $26,975,000. Neuberger Berman Group LLC increased its position in Dynegy by 9.2% during the third quarter. Neuberger Berman Group LLC now owns 2,221,544 shares of the utilities provider’s stock worth $21,749,000 after purchasing an additional 187,353 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in Dynegy by 19.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,962,213 shares of the utilities provider’s stock worth $16,230,000 after purchasing an additional 320,793 shares during the last quarter.

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DYN opened at $12.81 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.45 and a debt-to-equity ratio of 4.40. Dynegy has a 52-week low of $5.84 and a 52-week high of $13.92. The company has a market cap of $1,930.51, a price-to-earnings ratio of 58.23 and a beta of 1.60.

Dynegy (NYSE:DYN) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.34. Dynegy had a net margin of 1.57% and a negative return on equity of 11.03%. The company had revenue of $994.00 million during the quarter, compared to the consensus estimate of $1.17 billion. research analysts predict that Dynegy will post 1 earnings per share for the current fiscal year.

In other Dynegy news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $11.79, for a total transaction of $61,897,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Several brokerages recently commented on DYN. TheStreet raised shares of Dynegy from a “d+” rating to a “c-” rating in a research report on Friday, January 12th. ValuEngine raised shares of Dynegy from a “strong sell” rating to a “sell” rating in a research report on Monday, April 2nd. Zacks Investment Research raised shares of Dynegy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, SunTrust Banks set a $13.00 price target on shares of Dynegy and gave the stock a “hold” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Dynegy has an average rating of “Hold” and an average price target of $13.57.

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Dynegy Profile

Dynegy Inc, through its subsidiaries, produces and sells electric energy, capacity, and ancillary services in the United States. It operates in five segments: PJM, NY/NE, ERCOT, MISO, and CAISO. The company sells its services on a wholesale basis from its power generation facilities. It has a fleet of 43 power plants in 12 states totaling approximately 28,000 megawatts of generating capacity.

Institutional Ownership by Quarter for Dynegy (NYSE:DYN)

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