Dynegy Inc. (DYN) Shares Down 1.4%
Dynegy Inc. (NYSE:DYN) shares were down 1.4% during trading on Monday . The company traded as low as $17.56 and last traded at $17.73, with a volume of 864,543 shares changing hands. The stock had previously closed at $17.98.
A number of research analysts have recently commented on DYN shares. Zacks Investment Research downgraded Dynegy from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. Ladenburg Thalmann started coverage on Dynegy in a report on Friday, April 8th. They issued a “buy” rating on the stock. Deutsche Bank AG reiterated a “buy” rating on shares of Dynegy in a report on Monday, April 4th. SunTrust Banks Inc. upgraded Dynegy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $20.00 in a report on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Citigroup Inc. upgraded Dynegy from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $21.00 to $19.00 in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $28.38.
The company has a market capitalization of $2.08 billion and a P/E ratio of 11.15. The firm has a 50 day moving average price of $17.75 and a 200-day moving average price of $14.69.
Dynegy (NYSE:DYN) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.33. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1,000 million. Equities analysts predict that Dynegy Inc. will post ($1.19) earnings per share for the current fiscal year.
Other hedge funds have made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of 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. raised its stake in shares of 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 acquired a new stake in shares of Dynegy during the fourth quarter worth about $2,260,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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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