Teacher Retirement System of Texas raised its stake in Dynegy Inc. (NYSE:DYN) by 314.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,770 shares of the utilities provider’s stock after purchasing an additional 32,456 shares during the quarter. Teacher Retirement System of Texas’ holdings in Dynegy were worth $507,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its position in Dynegy by 27.2% in the third 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 lifted its position in Dynegy by 1.8% in the third 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. lifted its position in Dynegy by 8.1% in the third 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. KBC Group NV bought a new stake in Dynegy in the third quarter valued at approximately $158,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Dynegy in the third quarter valued at approximately $187,000.
Dynegy Inc. (NYSE DYN) opened at $13.15 on Thursday. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.03 and a current ratio of 1.45. The company has a market capitalization of $1,917.51, a P/E ratio of 109.59 and a beta of 1.83. Dynegy Inc. has a twelve month low of $5.84 and a twelve month high of $13.58.
Several brokerages have weighed in on DYN. SunTrust Banks reiterated a “hold” rating and issued a $14.00 price objective on shares of Dynegy in a research report on Tuesday, March 6th. Zacks Investment Research upgraded Dynegy from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Friday, March 2nd. ValuEngine downgraded Dynegy from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, TheStreet upgraded Dynegy from a “d+” rating to a “c-” rating in a research report on Friday, January 12th. 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 stock has a consensus rating of “Hold” and a consensus price target of $13.57.
In related news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by corporate insiders.
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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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