Kellner Capital LLC Buys Shares of 82,800 Dynegy Inc. (DYN)
Kellner Capital LLC bought a new stake in shares of Dynegy Inc. (NYSE:DYN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 82,800 shares of the utilities provider’s stock, valued at approximately $981,000. Dynegy makes up about 0.8% of Kellner Capital LLC’s portfolio, making the stock its 26th largest position.
Other institutional investors have also made changes to their positions in the company. Davidson Kempner Capital Management LP acquired a new position in Dynegy in the third quarter worth about $6,880,000. Schwab Charles Investment Management Inc. grew its stake in Dynegy by 46.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,355,145 shares of the utilities provider’s stock worth $13,267,000 after purchasing an additional 427,329 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Dynegy in the third quarter worth about $916,000. Omni Partners LLP bought a new position in Dynegy in the fourth quarter worth about $11,879,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in Dynegy by 33.8% in the second quarter. Parametric Portfolio Associates LLC now owns 561,496 shares of the utilities provider’s stock worth $4,644,000 after acquiring an additional 141,991 shares during the last quarter.
A number of equities analysts have issued reports on the stock. TheStreet raised shares of Dynegy from a “d+” rating to a “c-” rating in a report on Friday, January 12th. Zacks Investment Research raised shares of Dynegy from a “sell” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks set a $13.00 target price on shares of Dynegy and gave the stock a “hold” rating in a report on Monday, January 22nd. Morgan Stanley set a $15.00 target price on shares of Dynegy and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, ValuEngine cut shares of Dynegy from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.39.
In other news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of Dynegy 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.
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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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