Insider Selling: Dynegy Major Shareholder Sells 13,404 Shares of Stock (DYN)
Dynegy (NYSE:DYN) major shareholder Franklin Resources Inc sold 13,404 shares of Dynegy stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $19.68, for a total transaction of $263,790.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more 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 investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Dynegy presently has an average rating of “Hold” and a consensus price target of $20.97.
Dynegy (NYSE:DYN) traded down 1.12% on Wednesday, hitting $19.48. The stock had a trading volume of 114,289 shares. Dynegy has a one year low of $17.00 and a one year high of $25.18. The stock has a 50-day moving average of $19.92 and a 200-day moving average of $22.07. The company has a market cap of $1.949 billion and a price-to-earnings ratio of 2.30.
Dynegy (NYSE:DYN) last announced its earnings results 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. Analysts expect that Dynegy will post $-2.74 EPS 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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