Northern Trust Corp lessened its holdings in shares of Dynegy Inc. (NYSE:DYN) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,382,688 shares of the utilities provider’s stock after selling 8,650 shares during the quarter. Northern Trust Corp owned approximately 1.05% of Dynegy worth $11,434,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Karp Capital Management Corp acquired a new position in shares of Dynegy during the 1st quarter valued at about $165,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Dynegy in the 2nd quarter valued at about $9,398,000. Systematic Financial Management LP purchased a new stake in Dynegy during the second quarter worth about $3,604,000. Neuberger Berman Group LLC increased its stake in Dynegy by 62.7% during the second quarter. Neuberger Berman Group LLC now owns 2,034,191 shares of the utilities provider’s stock worth $16,823,000 after purchasing an additional 784,221 shares during the period. Finally, Legal & General Group Plc increased its stake in Dynegy by 1.4% during the first quarter. Legal & General Group Plc now owns 185,400 shares of the utilities provider’s stock worth $1,453,000 after purchasing an additional 2,527 shares during the period.
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A number of analysts have issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $8.00 price target on shares of Dynegy in a research note on Tuesday, October 10th. Morgan Stanley set a $15.00 target price on shares of Dynegy and gave the stock a “buy” rating in a research note on Thursday, October 26th. BidaskClub raised Dynegy from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Citigroup Inc. set a $12.00 price target on Dynegy and gave the company a “buy” rating in a report on Monday, October 30th. Finally, SunTrust Banks, Inc. downgraded Dynegy from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $12.34.
Shares of Dynegy Inc. (DYN) opened at $12.29 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.47 and a debt-to-equity ratio of 5.46. Dynegy Inc. has a 52 week low of $5.84 and a 52 week high of $12.84.
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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