Neuberger Berman Group LLC Has $21.75 Million Stake in Dynegy Inc. (DYN)

Neuberger Berman Group LLC lifted its position in Dynegy Inc. (NYSE:DYN) by 9.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,221,544 shares of the utilities provider’s stock after buying an additional 187,353 shares during the period. Neuberger Berman Group LLC owned about 1.69% of Dynegy worth $21,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DYN. QCM Cayman Ltd. bought a new position in Dynegy during the second quarter valued at approximately $100,000. Integral Derivatives LLC purchased a new stake in Dynegy during the second quarter valued at approximately $102,000. Profund Advisors LLC increased its holdings in 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 last quarter. Oppenheimer Asset Management Inc. increased its holdings in 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 last quarter. Finally, Parametrica Management Ltd purchased a new stake in shares of Dynegy in the third quarter worth $150,000.

A number of brokerages have recently issued reports on DYN. Royal Bank of Canada reissued a “hold” rating and issued a $12.10 price objective on shares of Dynegy in a research note on Thursday, November 2nd. ValuEngine cut shares of Dynegy from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of Dynegy from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Deutsche Bank raised shares of Dynegy from a “sell” rating to a “hold” rating and set a $13.00 price objective for the company in a research note on Tuesday, October 31st. Finally, Citigroup set a $12.00 price objective on shares of Dynegy and gave the stock a “buy” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.34.

Dynegy Inc. (DYN) opened at $11.57 on Friday. The firm has a market cap of $1,670.00, a price-to-earnings ratio of -50.30 and a beta of 1.89. Dynegy Inc. has a 52 week low of $5.84 and a 52 week high of $12.84. The company has a debt-to-equity ratio of 5.46, a quick ratio of 1.47 and a current ratio of 1.97.

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Dynegy 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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