Amalgamated Bank Sells 616 Shares of Dynegy Inc. (DYN)

Amalgamated Bank decreased its holdings in Dynegy Inc. (NYSE:DYN) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,079 shares of the utilities provider’s stock after selling 616 shares during the period. Amalgamated Bank’s holdings in Dynegy were worth $116,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Dynegy by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 9,161,891 shares of the utilities provider’s stock valued at $72,013,000 after acquiring an additional 262,194 shares during the last quarter. State Street Corp raised its holdings in Dynegy by 2.3% in the 1st quarter. State Street Corp now owns 2,260,225 shares of the utilities provider’s stock valued at $17,767,000 after acquiring an additional 50,113 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in Dynegy by 62.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,034,191 shares of the utilities provider’s stock valued at $16,823,000 after acquiring an additional 784,221 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Dynegy in the 2nd quarter valued at about $9,398,000. Finally, ANTIPODES PARTNERS Ltd raised its holdings in Dynegy by 6.1% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 1,077,811 shares of the utilities provider’s stock valued at $8,913,000 after acquiring an additional 62,166 shares during the last quarter.

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Shares of Dynegy Inc. (DYN) opened at 9.38 on Thursday. The firm’s market cap is $1.23 billion. The company has a 50-day moving average of $9.46 and a 200 day moving average of $8.36. Dynegy Inc. has a 12-month low of $5.84 and a 12-month high of $13.25.

Dynegy (NYSE:DYN) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.61). The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $972.27 million. Dynegy had a negative return on equity of 12.97% and a negative net margin of 2.72%. Equities research analysts anticipate that Dynegy Inc. will post ($0.69) earnings per share for the current fiscal year.

DYN has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $8.00 price objective on shares of Dynegy in a report on Monday, September 4th. BidaskClub downgraded shares of Dynegy from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC restated a “buy” rating and set a $13.00 price target on shares of Dynegy in a report on Tuesday, July 25th. Deutsche Bank AG cut their price target on shares of Dynegy from $11.00 to $10.00 and set a “hold” rating for the company in a report on Monday, August 7th. Finally, Zacks Investment Research downgraded shares of Dynegy from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.00.

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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Institutional Ownership by Quarter for Dynegy (NYSE:DYN)

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