Dynegy Inc. (DYN) Shares Up 2.7%
Shares of Dynegy Inc. (NYSE:DYN) shot up 2.7% during trading on Friday . The company traded as high as $16.98 and last traded at $16.86, with a volume of 767,421 shares changing hands. The stock had previously closed at $16.42.
A number of research firms have commented on DYN. Zacks Investment Research lowered shares of Dynegy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. Deutsche Bank AG reissued a “buy” rating on shares of Dynegy in a research report on Monday, April 4th. Citigroup Inc. lowered shares of Dynegy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $20.00 to $21.00 in a research report on Friday, June 10th. Ladenburg Thalmann assumed coverage on shares of Dynegy in a research report on Friday, April 8th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Dynegy in a research report on Friday, June 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.38.
The company has a market cap of $1.96 billion and a P/E ratio of 10.52. The company’s 50-day moving average is $17.46 and its 200 day moving average is $14.76.
Dynegy (NYSE:DYN) last posted its earnings results 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 company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1,000 million. Analysts forecast that Dynegy Inc. will post ($1.18) EPS for the current year.
Several institutional investors recently bought and sold shares of DYN. Quantitative Investment Management LLC bought a new position in Dynegy during the fourth quarter valued at about $2,260,000. 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 last quarter. 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 last quarter. Finally, Dimensional Fund Advisors LP raised 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 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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