Dynegy Inc. (DYN) Trading Up 2.7%
Shares of Dynegy Inc. (NYSE:DYN) were up 2.7% during trading on Friday . The stock traded as high as $16.98 and last traded at $16.86, with a volume of 767,421 shares. The stock had previously closed at $16.42.
Several analysts recently commented on DYN shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Dynegy in a report on Monday, April 4th. Ladenburg Thalmann started coverage on Dynegy in a report on Friday, April 8th. They set a “buy” rating on the stock. Zacks Investment Research lowered Dynegy from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. Barclays PLC raised their target price on Dynegy from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, May 20th. Finally, Citigroup Inc. lowered Dynegy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $21.00 in a report on Friday, June 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $28.38.
The company’s 50 day moving average is $17.56 and its 200 day moving average is $14.73. The firm has a market cap of $1.96 billion and a P/E ratio of 10.52.
Dynegy (NYSE:DYN) last released its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.46) by $0.33. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1,000 million. On average, equities research analysts anticipate that Dynegy Inc. will post ($1.19) EPS for the current year.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Dynegy by 21.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,345,119 shares of the company’s stock valued at $18,020,000 after buying an additional 235,502 shares in the last quarter. Victory Capital Management Inc. boosted its position in Dynegy by 9.4% in the fourth quarter. Victory Capital Management Inc. now owns 778,019 shares of the company’s stock valued at $10,425,000 after buying an additional 66,780 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in Dynegy during the fourth quarter valued at $2,260,000. Finally, 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 valued at $2,310,000 after buying an additional 3,415 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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