Dynegy Inc. (DYN) Shares Down 2.1%
Shares of Dynegy Inc. (NYSE:DYN) fell 2.1% on Thursday . The company traded as low as $12.07 and last traded at $12.19, with a volume of 1,447,401 shares. The stock had previously closed at $12.45.
A number of brokerages have recently weighed in on DYN. Zacks Investment Research cut shares of Dynegy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. Deutsche Bank AG restated a “buy” rating on shares of Dynegy in a research note on Wednesday, May 18th. Citigroup Inc. cut shares of Dynegy from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $21.00 in a research note on Friday, June 10th. Barclays PLC boosted their price objective on shares of 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 restated a “buy” rating on shares of Dynegy in a research note on Friday, June 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.54.
The firm’s market cap is $1.46 billion. The stock’s 50 day moving average is $15.86 and its 200 day moving average is $15.03.
Dynegy (NYSE:DYN) last issued its quarterly 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. On average, equities research analysts forecast that Dynegy Inc. will post ($1.92) earnings per share for the current fiscal year.
Several large investors recently added to or reduced their stakes in DYN. BlackRock Advisors LLC increased its stake 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 last quarter. Victory Capital Management Inc. increased its stake 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, 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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