Vega Energy Gp Lowers stake in Dynegy (DYN)

Dynegy (DYN) : Vega Energy Gp reduced its stake in Dynegy by 10.32% during the most recent quarter end. The investment management company now holds a total of 1,520,268 shares of Dynegy which is valued at $18,957,742 after selling 175,000 shares in Dynegy , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Dynegy makes up approximately 16.20% of Vega Energy Gp’s portfolio.

Other Hedge Funds, Including , Rubric Capital Management sold out all of its stake in DYN during the most recent quarter. The investment firm sold 855,647 shares of DYN which is valued $10,669,918. Bogle Investment Management L P De sold out all of its stake in DYN during the most recent quarter. The investment firm sold 141,961 shares of DYN which is valued $1,770,254. Convergence Investment Partners added DYN to its portfolio by purchasing 292,008 company shares during the most recent quarter which is valued at $3,641,340. Dynegy makes up approx 0.48% of Convergence Investment Partners’s portfolio. Finemark National Bank Trust added DYN to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $3,714. Airain Ltd sold out all of its stake in DYN during the most recent quarter. The investment firm sold 22,601 shares of DYN which is valued $315,510.

Dynegy closed down -0.39 points or -3.08% at $12.28 with 15,47,385 shares getting traded on Thursday. Post opening the session at $12.64, the shares hit an intraday low of $12.13 and an intraday high of $12.73 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Dynegy reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -1.20 based on the information available during the earnings call on Nov 4, 2015. Analyst had a consensus of $0.97. The company had revenue of $1232.00 million for the quarter, compared to analysts expectations of $1531.13 million. The company’s revenue was up 100.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on Dynegy. Dynegy was Upgraded by Citigroup to ” Buy” on Jun 29, 2016. Dynegy was Upgraded by SunTrust to ” Buy” on Jun 29, 2016. Dynegy was Downgraded by Citigroup to ” Neutral” on Jun 10, 2016.

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