Dynegy Inc. (DYN) Shares Down 4.5%
Dynegy Inc. (NYSE:DYN)’s share price was down 4.5% during trading on Friday . The company traded as low as $11.96 and last traded at $11.96, with a volume of 1,332,095 shares traded. The stock had previously closed at $12.53.
A number of equities analysts have recently commented on DYN shares. Zacks Investment Research raised Dynegy from a “sell” rating to a “hold” rating in a report on Friday, May 6th. SunTrust Banks Inc. raised Dynegy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $20.00 in a report on Wednesday, June 29th. They noted that the move was a valuation call. Citigroup Inc. raised Dynegy from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $21.00 to $19.00 in a report on Wednesday, June 29th. Barclays PLC boosted their price target on Dynegy from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, May 20th. Finally, Deutsche Bank AG lowered their price target on Dynegy from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $28.54.
The company’s market cap is $1.42 billion. The company’s 50 day moving average price is $15.33 and its 200-day moving average price is $15.06.
Dynegy (NYSE:DYN) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($6.73) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.50) by $6.23. Equities research analysts expect that Dynegy Inc. will post ($2.01) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Dynegy stock. BlackRock Advisors LLC raised its position in Dynegy Inc. (NYSE:DYN) by 59.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,313,819 shares of the company’s stock after buying an additional 1,232,572 shares during the period. BlackRock Advisors LLC owned 2.75% of Dynegy worth $44,405,000 as of its most recent SEC filing.
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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