GSA Capital Partners LLP Takes $2.36 Million Position in Dynegy Inc. (DYN)
GSA Capital Partners LLP bought a new position in Dynegy Inc. (NYSE:DYN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 241,067 shares of the utilities provider’s stock, valued at approximately $2,360,000. GSA Capital Partners LLP owned 0.18% of Dynegy as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of DYN. QCM Cayman Ltd. acquired a new stake in shares of Dynegy in the second quarter worth $100,000. Integral Derivatives LLC acquired a new stake in shares of Dynegy in the second quarter worth $102,000. Profund Advisors LLC boosted its position in shares of Dynegy by 20.2% in the second quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock worth $131,000 after buying an additional 2,655 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Dynegy by 11.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,302 shares of the utilities provider’s stock worth $135,000 after buying an additional 1,643 shares during the period. Finally, Parametrica Management Ltd acquired a new stake in shares of Dynegy in the third quarter worth $150,000.
Several analysts have recently commented on DYN shares. SunTrust Banks reaffirmed a “buy” rating on shares of Dynegy in a research report on Friday, October 13th. Morgan Stanley set a $15.00 price objective on Dynegy and gave the company a “buy” rating in a research report on Thursday, October 26th. Bank of America started coverage on Dynegy in a research report on Tuesday, October 24th. They set a “buy” rating and a $11.00 price objective for the company. Guggenheim reissued a “buy” rating and set a $18.00 price objective (up previously from $14.00) on shares of Dynegy in a research report on Monday, August 21st. Finally, Citigroup set a $12.00 price objective on Dynegy and gave the company a “buy” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Dynegy has an average rating of “Hold” and a consensus price target of $12.34.
Shares of Dynegy Inc. (DYN) opened at $11.04 on Friday. Dynegy Inc. has a 12-month low of $5.84 and a 12-month high of $12.84. The company has a quick ratio of 1.47, a current ratio of 1.97 and a debt-to-equity ratio of 5.46.
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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