Longbow Capital Partners Exits Position in Dynegy (DYN)

Dynegy (DYN) : Longbow Capital Partners has sold out all of its stake in Dynegy during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 5,224 shares of Dynegy which is valued at $71,412.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in DYN in the latest quarter, The investment management firm added 2,858 additional shares and now holds a total of 13,773 shares of Dynegy which is valued at $188,277.State Board Of Administration Of Florida Retirement System boosted its stake in DYN in the latest quarter, The investment management firm added 12,480 additional shares and now holds a total of 89,107 shares of Dynegy which is valued at $1,243,934. Howard Hughes Medical Institute added DYN to its portfolio by purchasing 563 company shares during the most recent quarter which is valued at $8,591.Nisa Investment Advisors boosted its stake in DYN in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 2,400 shares of Dynegy which is valued at $42,576.

Dynegy closed down -0.02 points or -0.16% at $12.34 with 27,88,736 shares getting traded on Wednesday. Post opening the session at $12.29, the shares hit an intraday low of $12.1 and an intraday high of $12.53 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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