California Public Employees Retirement System lowered its stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,400 shares of the company’s stock after selling 18,800 shares during the period. California Public Employees Retirement System owned 0.77% of Dynagas LNG Partners worth $4,232,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Cohen & Steers Inc. boosted its stake in Dynagas LNG Partners by 361.2% in the second quarter. Cohen & Steers Inc. now owns 688,177 shares of the company’s stock valued at $38,304,000 after buying an additional 538,977 shares during the last quarter. Parkwood LLC acquired a new stake in shares of Dynagas LNG Partners during the third quarter valued at approximately $1,591,000. Guggenheim Capital LLC acquired a new stake in shares of Dynagas LNG Partners during the second quarter valued at approximately $867,000. Buckingham Asset Management LLC acquired a new stake in shares of Dynagas LNG Partners during the second quarter valued at approximately $683,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Dynagas LNG Partners by 15,809.0% in the second quarter. JPMorgan Chase & Co. now owns 47,727 shares of the company’s stock valued at $651,000 after buying an additional 47,427 shares in the last quarter. 46.19% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Dynagas LNG Partners (NYSE:DLNG)

Shares of Dynagas LNG Partners LP (NYSE:DLNG) traded down 1.63% on Monday, reaching $15.05. 173,959 shares of the company’s stock were exchanged. Dynagas LNG Partners LP has a 52-week low of $6.70 and a 52-week high of $16.25. The company’s 50 day moving average price is $14.76 and its 200-day moving average price is $14.45. The stock has a market cap of $534.65 million, a P/E ratio of 8.99 and a beta of 1.16.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Monday, November 14th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Dynagas LNG Partners had a net margin of 40.01% and a return on equity of 21.28%. Equities analysts forecast that Dynagas LNG Partners LP will post $1.90 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “California Public Employees Retirement System Has $4,232,000 Position in Dynagas LNG Partners LP (DLNG)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/28/california-public-employees-retirement-system-has-4232000-position-in-dynagas-lng-partners-lp-dlng.html.

Several equities research analysts have recently commented on the stock. Clarkson Capital reiterated a “buy” rating on shares of Dynagas LNG Partners in a research report on Friday, September 23rd. TheStreet upgraded shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Monday, November 14th. Zacks Investment Research upgraded shares of Dynagas LNG Partners from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a research report on Monday, August 1st. Wells Fargo & Co. assumed coverage on shares of Dynagas LNG Partners in a research report on Monday, September 19th. They set a “market perform” rating and a $9.50 price target for the company. Finally, Jefferies Group assumed coverage on shares of Dynagas LNG Partners in a research report on Tuesday, September 13th. They set a “buy” rating and a $18.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.36.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP is organized for the purpose of owning, operating, and acquiring liquid natural gas (LNG) carriers. The Company is focused on owning and operating LNG carriers. The Company operates in the segment relating to its operations as it operates solely LNG vessels. The Company’s vessels are employed on multi-year time charters, which the Company defines as charters of over two years or more, with international energy companies.

5 Day Chart for NYSE:DLNG

Receive News & Stock Ratings for Dynagas LNG Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynagas LNG Partners LP and related stocks with our FREE daily email newsletter.