Davidson Kempner Capital Management LP Acquires Shares of 702,715 Dynegy Inc. (DYN)

Davidson Kempner Capital Management LP acquired a new position in shares of Dynegy Inc. (NYSE:DYN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 702,715 shares of the utilities provider’s stock, valued at approximately $6,880,000. Davidson Kempner Capital Management LP owned about 0.53% of Dynegy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. QCM Cayman Ltd. purchased a new position in shares of Dynegy during the second quarter valued at approximately $100,000. Integral Derivatives LLC purchased a new position in shares of Dynegy during the second quarter valued at approximately $102,000. Profund Advisors LLC boosted its position in shares of Dynegy by 20.2% during the second quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock valued at $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% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,302 shares of the utilities provider’s stock valued at $135,000 after buying an additional 1,643 shares during the period. Finally, Parametrica Management Ltd purchased a new position in shares of Dynegy during the third quarter valued at approximately $150,000.

Shares of Dynegy Inc. (NYSE DYN) opened at $11.55 on Tuesday. The company has a debt-to-equity ratio of 5.46, a quick ratio of 1.47 and a current ratio of 1.97. Dynegy Inc. has a twelve month low of $5.84 and a twelve month high of $12.84.

DYN has been the subject of several recent analyst reports. SunTrust Banks restated a “buy” rating on shares of Dynegy in a research report on Friday, October 13th. Morgan Stanley set a $15.00 target price on Dynegy and gave the company a “buy” rating in a research report on Thursday, October 26th. Bank of America initiated coverage on Dynegy in a research report on Tuesday, October 24th. They set a “buy” rating and a $11.00 target price for the company. Guggenheim restated a “buy” rating and set a $18.00 target price (up previously from $14.00) on shares of Dynegy in a research report on Monday, August 21st. Finally, Citigroup set a $12.00 target price on Dynegy and gave the company a “buy” rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.34.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/12/12/davidson-kempner-capital-management-lp-acquires-shares-of-702715-dynegy-inc-dyn.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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply