Insider Selling: Dynegy major shareholder Sells 225,000 Shares of Stock (DYN)
Dynegy (NYSE:DYN) major shareholder Franklin Resources Inc unloaded 225,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $20.25, for a total value of $4,556,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Dynegy (NYSE:DYN) traded up 2.03% on Wednesday, hitting $21.10. The stock had a trading volume of 344,072 shares. Dynegy has a 52 week low of $18.11 and a 52 week high of $25.18. The stock’s 50-day moving average is $20.95 and its 200-day moving average is $20.29. The company has a market cap of $2.112 billion and a P/E ratio of 2.52.
Dynegy (NYSE:DYN) last released its earnings data on Thursday, November 7th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ 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. Dynegy’s revenue was up .7% compared to the same quarter last year. On average, analysts predict that Dynegy will post $-1.72 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.07.
Dynegy Inc (NYSE:DYN) is a holding company and conducts the business operations through its subsidiaries.
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