PEAK6 Investments L.P. grew its position in shares of Dynegy Inc. (NYSE:DYN) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,075 shares of the utilities provider’s stock after acquiring an additional 10,597 shares during the quarter. PEAK6 Investments L.P. owned about 0.12% of Dynegy worth $2,110,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Paloma Partners Management Co increased its stake in Dynegy by 659.4% during the fourth quarter. Paloma Partners Management Co now owns 119,338 shares of the utilities provider’s stock worth $1,414,000 after acquiring an additional 103,623 shares during the last quarter. Two Sigma Investments LP increased its stake in Dynegy by 360.5% during the fourth quarter. Two Sigma Investments LP now owns 903,243 shares of the utilities provider’s stock worth $10,703,000 after acquiring an additional 707,100 shares during the last quarter. Vertex One Asset Management Inc. acquired a new stake in Dynegy during the fourth quarter worth about $1,304,000. Goldman Sachs Group Inc. increased its stake in Dynegy by 354.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,466,098 shares of the utilities provider’s stock worth $17,373,000 after acquiring an additional 1,143,147 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in Dynegy during the fourth quarter worth about $138,000.
Shares of Dynegy Inc. (DYN) opened at $13.27 on Wednesday. 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 stock has a market capitalization of $1,913.18, a PE ratio of 110.68 and a beta of 1.83.
In other news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $11.79, for a total value of $61,897,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.
Several equities research analysts have commented on DYN shares. Zacks Investment Research upgraded Dynegy from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Friday, March 2nd. 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 set a $14.00 price target on shares of Dynegy in a research note on Tuesday, March 6th. Finally, ValuEngine lowered Dynegy from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Dynegy has an average rating of “Hold” and a consensus price target of $13.57.
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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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