Dynegy Inc. (DYN) Shares Up 3.5%
Dynegy Inc. (NYSE:DYN)’s share price shot up 3.5% during mid-day trading on Monday . The stock traded as high as $17.77 and last traded at $17.72, with a volume of 1,419,640 shares changing hands. The stock had previously closed at $17.12.
Several brokerages have recently issued reports on DYN. Zacks Investment Research lowered Dynegy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. Deutsche Bank AG reiterated a “buy” rating on shares of Dynegy in a research note on Wednesday, May 18th. Citigroup Inc. lowered Dynegy from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $21.00 in a research report on Friday, June 10th. Barclays PLC boosted their price objective on Dynegy from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, May 20th. Finally, Ladenburg Thalmann began coverage on Dynegy in a research report on Friday, April 8th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Dynegy has an average rating of “Buy” and an average target price of $28.38.
The firm has a market cap of $2.06 billion and a P/E ratio of 11.03. The stock’s 50-day moving average price is $17.81 and its 200 day moving average price is $14.46.
Dynegy (NYSE:DYN) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.33. The business earned $1.12 billion during the quarter, compared to analysts’ expectations of $1,000 million. On average, analysts predict that Dynegy Inc. will post ($1.19) earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in DYN. Rhumbline Advisers increased its stake in Dynegy by 2.0% in the fourth quarter. Rhumbline Advisers now owns 172,357 shares of the company’s stock worth $2,310,000 after buying an additional 3,415 shares during the last quarter. Victory Capital Management Inc. increased its stake in Dynegy by 9.4% in the fourth quarter. Victory Capital Management Inc. now owns 778,019 shares of the company’s stock worth $10,425,000 after buying an additional 66,780 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in Dynegy during the fourth quarter worth $2,260,000. Finally, Dimensional Fund Advisors LP increased its stake in Dynegy by 21.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,345,119 shares of the company’s stock worth $18,020,000 after buying an additional 235,502 shares during the last quarter.
Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.
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