Dynegy Major Shareholder Franklin Resources Inc Sells 50,000 Shares (DYN)
Dynegy (NYSE:DYN) major shareholder Franklin Resources Inc sold 50,000 shares of the stock on the open market in a transaction dated Thursday, January 9th. The shares were sold at an average price of $20.39, for a total value of $1,019,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
DYN has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.07.
Shares of Dynegy (NYSE:DYN) traded down 1.23% on Friday, hitting $20.15. 228,268 shares of the company’s stock traded hands. Dynegy has a one year low of $18.11 and a one year high of $25.18. The stock has a 50-day moving average of $21.23 and a 200-day moving average of $20.4. The company has a market cap of $2.017 billion and a P/E ratio of 2.56.
Dynegy (NYSE:DYN) last released its earnings data 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.
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