Dynegy Major Shareholder Sells $396,270 in Stock (DYN)
Dynegy (NYSE:DYN) major shareholder Franklin Resources Inc unloaded 18,906 shares of Dynegy stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $20.96, for a total transaction of $396,269.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on DYN. Analysts at Imperial Capital initiated coverage on shares of Dynegy in a research note to investors on Tuesday, December 17th. They set an “outperform” rating and a $24.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Dynegy in a research note to investors on Wednesday, December 11th. They now have a $17.00 price target on the stock, up previously from $16.00. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of Dynegy in a research note to investors on Friday, November 8th. They now have a $16.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $20.07.
Dynegy (NYSE:DYN) traded down 3.14% during mid-day trading on Thursday, hitting $20.34. The stock had a trading volume of 233,573 shares. Dynegy has a 1-year low of $18.11 and a 1-year high of $25.18. The stock has a 50-day moving average of $21.2 and a 200-day moving average of $20.4. The company has a market cap of $2.036 billion and a P/E ratio of 2.56.
Dynegy (NYSE:DYN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. The company had revenue of $446.00 million for the quarter, compared to the consensus estimate of $509.41 million. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that Dynegy will post $-1.72 earnings per share for the current fiscal year.
Dynegy Inc (NYSE:DYN) is a holding company and conducts the business operations through its subsidiaries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.