According to Zacks, “Dynegy Inc. provides wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities and other energy companies in six states in U.S. regions of the Midwest, the Northeast and the West Coast. It operates in three segments: the Coal segment, the Gas Segment and the Dynegy Northeast Segment. Dynegy Inc. is headquartered in Houston, Texas. “
DYN has been the topic of a number of other reports. Deutsche Bank AG dropped their target price on shares of Dynegy from $24.00 to $23.00 and set a buy rating on the stock in a research note on Friday, August 5th. Citigroup Inc. upgraded shares of Dynegy from a neutral rating to a buy rating and dropped their target price for the stock from $21.00 to $19.00 in a research note on Wednesday, June 29th. SunTrust Banks Inc. dropped their target price on shares of Dynegy from $20.00 to $19.00 and set a buy rating on the stock in a research note on Wednesday, August 24th. Royal Bank Of Canada reaffirmed a buy rating on shares of Dynegy in a research report on Friday, June 17th. Finally, Wolfe Research cut shares of Dynegy from an outperform rating to a market perform rating in a research report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Dynegy has a consensus rating of Hold and an average price target of $24.00.
Shares of Dynegy (NYSE:DYN) traded down 3.18% during midday trading on Wednesday, hitting $11.89. 686,081 shares of the company traded hands. The company has a 50-day moving average price of $12.82 and a 200-day moving average price of $15.56. The stock’s market capitalization is $1.39 billion. Dynegy has a 52 week low of $7.20 and a 52 week high of $23.79.
Dynegy (NYSE:DYN) last issued its 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. Dynegy had a negative return on equity of 11.83% and a negative net margin of 22.67%. Analysts anticipate that Dynegy will post ($1.87) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in shares of Dynegy by 93.4% in the third quarter. BNP Paribas Arbitrage SA now owns 10,647 shares of the company’s stock worth $129,000 after buying an additional 5,143 shares during the last quarter. Synovus Financial Corp bought a new position in shares of Dynegy during the second quarter worth about $130,000. Sei Investments Co. raised its position in shares of Dynegy by 60.9% in the second quarter. Sei Investments Co. now owns 7,576 shares of the company’s stock worth $131,000 after buying an additional 2,867 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Dynegy by 14.9% in the second quarter. Public Employees Retirement System of Ohio now owns 7,615 shares of the company’s stock worth $131,000 after buying an additional 987 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Dynegy by 1.2% in the second quarter. Ameriprise Financial Inc. now owns 10,261 shares of the company’s stock worth $177,000 after buying an additional 120 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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