Dynegy major shareholder Unloads $3,699,000 in Stock (DYN)
Dynegy (NYSE:DYN) major shareholder Franklin Resources Inc sold 180,000 shares of Dynegy stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $20.55, for a total transaction of $3,699,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Dynegy (NYSE:DYN) traded up 0.97% during mid-day trading on Thursday, hitting $20.74. 131,172 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 $20.56 and a 200-day moving average of $20.13. The company has a market cap of $2.076 billion and a P/E ratio of 2.51.
A number of analysts have recently weighed in on DYN shares. Analysts at Imperial Capital initiated coverage on shares of Dynegy in a research note on Tuesday, December 17th. They set an “outperform” rating and a $24.00 price target on the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Dynegy in a research note on Wednesday, December 11th. They now have a $17.00 price target on the stock, up previously from $16.00. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.07.
Dynegy Inc (NYSE:DYN) is a holding company and conducts the business operations through its subsidiaries.
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