Shares of Dynegy Inc. (NYSE:DYN) have been given an average rating of “Buy” by the twelve analysts that are presently covering the firm. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $26.86.
DYN has been the topic of several research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $35.00 price target on shares of Dynegy in a report on Thursday, August 25th. Citigroup Inc. cut Dynegy from a “buy” rating to a “neutral” rating and upped their price target for the company from $20.00 to $21.00 in a report on Friday, June 10th. Zacks Investment Research cut Dynegy from a “hold” rating to a “sell” rating in a report on Monday, September 19th. SunTrust Banks Inc. dropped their price target on Dynegy from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, August 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Dynegy in a report on Friday, June 17th.
Several institutional investors have recently bought and sold shares of the stock. Synovus Financial Corp bought a new position in Dynegy during the second quarter valued at approximately $130,000. Sei Investments Co. boosted its position in Dynegy by 60.9% in the second quarter. Sei Investments Co. now owns 7,576 shares of the company’s stock valued at $131,000 after buying an additional 2,867 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Dynegy by 14.9% in the second quarter. Public Employees Retirement System of Ohio now owns 7,615 shares of the company’s stock valued at $131,000 after buying an additional 987 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Dynegy by 1.2% in the second quarter. Ameriprise Financial Inc. now owns 10,261 shares of the company’s stock valued at $177,000 after buying an additional 120 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Dynegy by 5.2% in the first quarter. BlackRock Inc. now owns 14,088 shares of the company’s stock valued at $203,000 after buying an additional 696 shares in the last quarter.
Shares of Dynegy (NYSE:DYN) opened at 12.39 on Wednesday. Dynegy has a one year low of $7.20 and a one year high of $24.25. The firm’s market cap is $1.45 billion. The firm’s 50-day moving average price is $12.73 and its 200-day moving average price is $15.58.
Dynegy (NYSE:DYN) last announced its earnings results on Wednesday, August 3rd. The company reported ($6.73) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by $6.23. Dynegy had a negative return on equity of 11.83% and a negative net margin of 22.67%. Equities research analysts expect that Dynegy will post ($1.92) earnings per share for the current fiscal year.
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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