Wells Fargo & Company MN boosted its position in shares of Dynegy Inc. (NYSE:DYN) by 456.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,208,403 shares of the utilities provider’s stock after buying an additional 991,399 shares during the period. Wells Fargo & Company MN owned 0.84% of Dynegy worth $14,319,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DYN. Advisors Asset Management Inc. grew its stake in shares of Dynegy by 27.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 24,002 shares of the utilities provider’s stock valued at $235,000 after purchasing an additional 5,136 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Dynegy by 1.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 308,013 shares of the utilities provider’s stock valued at $3,015,000 after purchasing an additional 5,480 shares during the last quarter. American International Group Inc. grew its stake in shares of Dynegy by 8.1% in the 3rd quarter. American International Group Inc. now owns 74,113 shares of the utilities provider’s stock valued at $726,000 after purchasing an additional 5,540 shares during the last quarter. Swiss National Bank grew its stake in shares of Dynegy by 5.0% in the 4th quarter. Swiss National Bank now owns 217,750 shares of the utilities provider’s stock valued at $2,580,000 after purchasing an additional 10,400 shares during the last quarter. Finally, KBC Group NV purchased a new position in shares of Dynegy in the 3rd quarter valued at approximately $158,000.
Shares of Dynegy Inc. (NYSE DYN) opened at $13.44 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 Inc. has a 12 month low of $5.84 and a 12 month high of $13.58. The firm has a market capitalization of $1,898.74, a P/E ratio of 111.68 and a beta of 1.83.
Dynegy (NYSE:DYN) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.34. Dynegy had a negative return on equity of 11.03% and a net margin of 1.57%. The firm had revenue of $994.00 million for the quarter, compared to the consensus estimate of $1.17 billion. research analysts anticipate that Dynegy Inc. will post 1 EPS for the current year.
DYN has been the topic of a number of analyst reports. TheStreet upgraded Dynegy from a “d+” rating to a “c-” rating in a research note on Friday, January 12th. SunTrust Banks restated a “hold” rating and issued a $14.00 price target on shares of Dynegy in a research note on Tuesday, March 6th. Zacks Investment Research upgraded Dynegy from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Friday, March 2nd. Finally, ValuEngine downgraded Dynegy from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $13.57.
In other Dynegy news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was 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 SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.
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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