Dynegy Inc. (NYSE:DYN) was downgraded by research analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating in a research note issued on Friday.
Several other research analysts have also recently weighed in on the company. Morgan Stanley set a $15.00 price target on Dynegy and gave the stock a “buy” rating in a research note on Thursday. Bank of America Corporation began coverage on Dynegy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $11.00 price target for the company. Deutsche Bank AG cut Dynegy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Zacks Investment Research cut Dynegy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $8.00 price target on shares of Dynegy in a research note on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.50.
Shares of Dynegy (NYSE DYN) traded up 0.36% during midday trading on Friday, hitting $11.22. The stock had a trading volume of 7,138,005 shares. The stock’s market cap is $1.47 billion. The stock’s 50-day moving average is $9.60 and its 200-day moving average is $8.47. Dynegy has a 12 month low of $5.84 and a 12 month high of $11.38.
Dynegy (NYSE:DYN) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.83) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.61). Dynegy had a negative return on equity of 12.97% and a negative net margin of 2.72%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $972.27 million. Equities analysts anticipate that Dynegy will post ($0.89) EPS for the current year.
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A number of institutional investors have recently bought and sold shares of DYN. Solus Alternative Asset Management LP purchased a new stake in Dynegy during the second quarter valued at $24,997,000. Dimensional Fund Advisors LP increased its position in Dynegy by 58.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,907,332 shares of the utilities provider’s stock valued at $48,854,000 after acquiring an additional 2,185,292 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Dynegy during the second quarter valued at $9,398,000. Empyrean Capital Partners LP increased its position in Dynegy by 227.6% during the second quarter. Empyrean Capital Partners LP now owns 1,310,392 shares of the utilities provider’s stock valued at $10,837,000 after acquiring an additional 910,392 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in Dynegy by 62.7% during the second quarter. Neuberger Berman Group LLC now owns 2,034,191 shares of the utilities provider’s stock valued at $16,823,000 after acquiring an additional 784,221 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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