Schwab Charles Investment Management Inc. lifted its position in Dynegy Inc. (NYSE:DYN) by 30.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 927,816 shares of the utilities provider’s stock after acquiring an additional 215,124 shares during the period. Schwab Charles Investment Management Inc. owned 0.71% of Dynegy worth $7,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of Dynegy by 1.4% in the first quarter. Legal & General Group Plc now owns 185,400 shares of the utilities provider’s stock worth $1,453,000 after acquiring an additional 2,527 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Dynegy by 3.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 84,419 shares of the utilities provider’s stock worth $664,000 after acquiring an additional 2,712 shares during the last quarter. American International Group Inc. boosted its stake in shares of Dynegy by 7.1% in the first quarter. American International Group Inc. now owns 71,987 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 4,760 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Dynegy by 2.0% in the first quarter. Public Employees Retirement System of Ohio now owns 250,406 shares of the utilities provider’s stock worth $1,968,000 after acquiring an additional 4,902 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Dynegy by 5.6% in the first quarter. Teachers Advisors LLC now owns 202,992 shares of the utilities provider’s stock worth $1,596,000 after acquiring an additional 10,805 shares during the last quarter.

A number of analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $8.00 price target on shares of Dynegy in a research note on Monday, September 4th. Guggenheim reaffirmed a “buy” rating and issued a $18.00 price target (up from $14.00) on shares of Dynegy in a research note on Monday, August 21st. BidaskClub raised Dynegy from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Deutsche Bank AG reduced their price objective on Dynegy from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Monday, August 7th. Finally, Barclays PLC reiterated a “buy” rating and set a $13.00 price objective on shares of Dynegy in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.00.

Dynegy Inc. (DYN) opened at 9.51 on Friday. The company’s 50-day moving average price is $9.49 and its 200-day moving average price is $8.24. The stock’s market cap is $1.25 billion. Dynegy Inc. has a 12 month low of $5.84 and a 12 month high of $13.59. Dynegy also was the recipient of some unusual options trading on Thursday. Investors bought 24,901 call options on the company. This represents an increase of approximately 1,278% compared to the typical daily volume of 1,807 call options.

Dynegy (NYSE:DYN) last announced its earnings results on Thursday, August 3rd. The utilities provider reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 2.72% and a negative return on equity of 12.97%. Equities analysts forecast that Dynegy Inc. will post ($0.69) earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Dynegy Inc. (DYN) Shares Bought by Schwab Charles Investment Management Inc.” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/dynegy-inc-dyn-shares-bought-by-schwab-charles-investment-management-inc/1614312.html.

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.

Institutional Ownership by Quarter for Dynegy (NYSE:DYN)

Receive News & Ratings for Dynegy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynegy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.