Oaktree Capital Management Lp Lowers stake in Dynegy (DYN)

Dynegy (DYN) : Oaktree Capital Management Lp reduced its stake in Dynegy by 11.55% during the most recent quarter end. The investment management company now holds a total of 8,424,322 shares of Dynegy which is valued at $105,051,295 after selling 1,100,000 shares in Dynegy , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Dynegy makes up approximately 3.93% of Oaktree Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Geode Capital Management reduced its stake in DYN by selling 3,019 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 719,017 shares of DYN which is valued at $8,966,142. Analytic Investors sold out all of its stake in DYN during the most recent quarter. The investment firm sold 13,195 shares of DYN which is valued $164,542.Blackrock Institutional Trust Company N.a. reduced its stake in DYN by selling 184,401 shares or 5.57% in the most recent quarter. The Hedge Fund company now holds 3,127,112 shares of DYN which is valued at $38,995,087. Dynegy makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio. Oxford Asset Management sold out all of its stake in DYN during the most recent quarter. The investment firm sold 221,553 shares of DYN which is valued $2,742,826.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.

Dynegy closed down -0.03 points or -0.23% at $13 with 14,15,140 shares getting traded on Monday. Post opening the session at $12.99, the shares hit an intraday low of $12.99 and an intraday high of $13.29 and the price fluctuated in this range throughout the day.Shares ended Monday 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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