Cornerstone Capital Management Holdings LLC. Invests $3.77 Million in Dynegy Inc. (DYN) Stock

Cornerstone Capital Management Holdings LLC. bought a new stake in Dynegy Inc. (NYSE:DYN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 384,900 shares of the utilities provider’s stock, valued at approximately $3,767,000. Cornerstone Capital Management Holdings LLC. owned about 0.29% of Dynegy at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DYN. Solus Alternative Asset Management LP acquired a new position in Dynegy in the 2nd quarter valued at about $24,997,000. Dimensional Fund Advisors LP lifted its holdings in shares of Dynegy by 58.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,907,332 shares of the utilities provider’s stock worth $48,854,000 after acquiring an additional 2,185,292 shares during the last quarter. Graticule Asia Macro Advisors LLC acquired a new position in shares of Dynegy in the 3rd quarter worth approximately $11,326,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Dynegy in the 2nd quarter worth approximately $9,398,000. Finally, Empyrean Capital Partners LP lifted its holdings in shares of Dynegy by 227.6% in the 2nd quarter. Empyrean Capital Partners LP now owns 1,310,392 shares of the utilities provider’s stock worth $10,837,000 after acquiring an additional 910,392 shares during the last quarter.

DYN has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of Dynegy in a report on Tuesday, October 24th. They issued a “buy” rating and a $11.00 price objective on the stock. Zacks Investment Research lowered shares of Dynegy from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Deutsche Bank lowered shares of Dynegy from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. SunTrust Banks restated a “buy” rating on shares of Dynegy in a report on Friday, October 13th. Finally, Guggenheim restated a “buy” rating and issued a $18.00 price objective (up from $14.00) on shares of Dynegy in a report on Monday, August 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.34.

Shares of Dynegy Inc. (DYN) opened at $11.04 on Monday. 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 current ratio of 1.97 and a quick ratio of 1.47.

TRADEMARK VIOLATION WARNING: This article was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://sportsperspectives.com/2017/12/18/cornerstone-capital-management-holdings-llc-invests-3-77-million-in-dynegy-inc-dyn-stock.html.

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.

Institutional Ownership by Quarter for Dynegy (NYSE:DYN)

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

Latest News

Leave a Reply