Dynegy Inc. (DYN) Shares Down 2.1%
Dynegy Inc. (NYSE:DYN) fell 2.1% during mid-day trading on Thursday . The stock traded as low as $12.07 and last traded at $12.19, with a volume of 1,447,401 shares trading hands. The stock had previously closed at $12.45.
Several research firms recently issued reports on DYN. Citigroup Inc. downgraded Dynegy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $20.00 to $21.00 in a report on Friday, June 10th. Zacks Investment Research raised Dynegy from a “sell” rating to a “hold” rating in a research note on Friday, May 6th. Deutsche Bank AG reissued a “buy” rating on shares of Dynegy in a research note on Wednesday, May 18th. Barclays PLC boosted their target price on Dynegy from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, May 20th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Dynegy in a research note on Friday, June 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Dynegy currently has a consensus rating of “Buy” and a consensus target price of $28.54.
The stock’s 50 day moving average price is $15.97 and its 200 day moving average price is $15.01. The stock’s market capitalization is $1.45 billion.
Dynegy (NYSE:DYN) last issued its earnings results on Wednesday, August 3rd. The company reported ($6.73) earnings per share for the quarter, missing the consensus estimate of ($0.50) by $6.23. Equities analysts anticipate that Dynegy Inc. will post ($1.92) earnings per share for the current year.
Other hedge funds and institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC raised its position in Dynegy by 59.2% in the fourth quarter. BlackRock Advisors LLC now owns 3,313,819 shares of the company’s stock valued at $44,405,000 after buying an additional 1,232,572 shares during the period. Victory Capital Management Inc. raised 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 during the period. Finally, Rhumbline Advisers raised its position 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 period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.