Dynegy major shareholder Sells $412,600 in Stock (DYN)
Dynegy (NYSE:DYN) major shareholder Franklin Resources Inc unloaded 20,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $20.63, for a total value of $412,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Dynegy (NYSE:DYN) traded up 0.85% during mid-day trading on Friday, hitting $21.30. The stock had a trading volume of 243,820 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 $20.57 and a 200-day moving average of $20.14. The company has a market cap of $2.132 billion and a price-to-earnings ratio of 2.58.
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 analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus 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.
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.