Today: California Public Employees Retirement System Reached $4,232,000 position of Dynagas LNG Partners LP (DLNG)

Today: California Public Employees Retirement System Reached $4,232,000 position  of Dynagas LNG Partners LP (DLNG)

California Public Employees Retirement System lowered its position in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 6.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,400 shares of the company’s stock after selling 18,800 shares during the period. California Public Employees Retirement System’s holdings in Dynagas LNG Partners were worth $4,232,000 at the end of the most recent quarter.

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

Dynagas LNG Partners LP (NYSE:DLNG) traded down 1.63% during mid-day trading on Monday, reaching $15.05. 173,959 shares of the company traded hands. The company’s 50-day moving average is $14.76 and its 200-day moving average is $14.45. The stock has a market capitalization of $534.65 million, a price-to-earnings ratio of 8.99 and a beta of 1.16. Dynagas LNG Partners LP has a 12-month low of $6.70 and a 12-month high of $16.25.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Monday, November 14th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Dynagas LNG Partners had a return on equity of 21.28% and a net margin of 40.01%. Equities analysts predict that Dynagas LNG Partners LP will post $1.90 earnings per share for the current fiscal year.

DLNG has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Clarkson Capital reaffirmed a “buy” rating on shares of Dynagas LNG Partners in a research report on Friday, September 23rd. Wells Fargo & Co. began 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 objective for the company. Jefferies Group began 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 objective for the company. Finally, Maxim Group began coverage on shares of Dynagas LNG Partners in a research report on Tuesday, October 18th. They set a “buy” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price 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.

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