Dynegy Inc. (NYSE:DYN) – Equities research analysts at SunTrust Banks upped their Q3 2017 earnings estimates for shares of Dynegy in a report issued on Friday. SunTrust Banks analyst A. Agha now forecasts that the utilities provider will post earnings of $1.03 per share for the quarter, up from their previous estimate of $0.88. SunTrust Banks also issued estimates for Dynegy’s Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $1.38 EPS and Q4 2018 earnings at $0.75 EPS.

Dynegy (NYSE:DYN) last announced its quarterly earnings results on Thursday, May 4th. The utilities provider reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.42. Dynegy had a negative return on equity of 13.22% and a negative net margin of 28.25%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. COPYRIGHT VIOLATION NOTICE: “Dynegy Inc. (DYN) Forecasted to Post Q3 2017 Earnings of $1.03 Per Share” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/05/22/dynegy-inc-dyn-forecasted-to-post-q3-2017-earnings-of-1-03-per-share.html.

Earnings History and Estimates for Dynegy (NYSE:DYN)

DYN has been the subject of a number of other research reports. Deutsche Bank AG cut Dynegy from a “hold” rating to a “sell” rating and lowered their price objective for the company from $8.00 to $6.00 in a research note on Thursday, February 9th. Zacks Investment Research upgraded Dynegy from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, February 21st. Goldman Sachs Group Inc started coverage on Dynegy in a research note on Tuesday, February 21st. They set a “neutral” rating and a $10.00 price objective for the company. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $8.00 price objective on shares of Dynegy in a research note on Wednesday, March 15th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Dynegy presently has a consensus rating of “Hold” and a consensus target price of $12.25.

Shares of Dynegy (NYSE:DYN) opened at 9.12 on Monday. The company’s market cap is $1.20 billion. Dynegy has a one year low of $5.84 and a one year high of $22.01. The company’s 50-day moving average price is $7.00 and its 200 day moving average price is $8.20.

Several hedge funds have recently bought and sold shares of DYN. Rhumbline Advisers raised its stake in Dynegy by 0.8% in the third quarter. Rhumbline Advisers now owns 142,993 shares of the utilities provider’s stock worth $1,772,000 after buying an additional 1,200 shares during the last quarter. California State Teachers Retirement System raised its stake in Dynegy by 0.8% in the third quarter. California State Teachers Retirement System now owns 247,431 shares of the utilities provider’s stock worth $3,066,000 after buying an additional 2,000 shares during the last quarter. Legal & General Group Plc raised its stake in Dynegy by 1.4% in the first quarter. Legal & General Group Plc now owns 185,400 shares of the utilities provider’s stock worth $1,453,000 after buying an additional 2,527 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Dynegy by 3.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 84,419 shares of the utilities provider’s stock worth $664,000 after buying an additional 2,712 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Dynegy by 30.0% in the first quarter. Nisa Investment Advisors LLC now owns 13,000 shares of the utilities provider’s stock worth $102,000 after buying an additional 3,000 shares during the last quarter.

In other Dynegy news, insider Robert C. Flexon bought 25,000 shares of Dynegy stock in a transaction on Thursday, March 9th. The stock was acquired at an average price of $7.62 per share, with a total value of $190,500.00. Following the acquisition, the insider now owns 704,614 shares in the company, valued at $5,369,158.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert C. Flexon bought 15,000 shares of Dynegy stock in a transaction on Friday, March 24th. The stock was acquired at an average cost of $7.16 per share, with a total value of $107,400.00. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.

Dynegy Company Profile

Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.

12 Month Chart for NYSE:DYN

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