Insider Selling: Franklin Resources Inc Sells 44,022 Shares of Dynegy Stock (DYN)
Dynegy (NYSE:DYN) major shareholder Franklin Resources Inc sold 44,022 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $19.55, for a total value of $860,630.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Dynegy (NYSE:DYN) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 2nd. They now have a $19.90 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Dynegy (NYSE:DYN) in a research note to investors on Friday, August 2nd.
Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Dynegy currently has a consensus rating of “Hold” and a consensus target price of $20.97.
Shares of Dynegy (NYSE:DYN) traded up 0.82% during mid-day trading on Tuesday, hitting $19.74. The stock had a trading volume of 197,097 shares. Dynegy has a 52-week low of $17.00 and a 52-week high of $25.18. The stock’s 50-day moving average is $20.00 and its 200-day moving average is $22.07. The company has a market cap of $1.975 billion and a price-to-earnings ratio of 2.29.
Dynegy (NYSE:DYN) last released its earnings data on Thursday, August 1st. The company reported ($1.50) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.30) by $1.20. The company had revenue of $301.00 million for the quarter, compared to the consensus estimate of $362.21 million. On average, analysts predict that Dynegy will post $-2.74 earnings per share for the current fiscal year.
Dynegy Inc (NYSE:DYN) is a holding company and conducts the business operations through its subsidiaries.
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