Dynegy Inc. (DYN) Receives Consensus Rating of “Hold” from Brokerages
Shares of Dynegy Inc. (NYSE:DYN) have received a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $10.83.
A number of analysts have commented on DYN shares. BidaskClub upgraded shares of Dynegy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Deutsche Bank AG upgraded shares of Dynegy from a “sell” rating to a “hold” rating and increased their price target for the company from $6.00 to $7.00 in a research note on Wednesday, April 26th.
Several hedge funds have recently bought and sold shares of the company. State Street Corp boosted its stake in Dynegy by 4.1% in the fourth quarter. State Street Corp now owns 2,210,112 shares of the utilities provider’s stock worth $18,697,000 after buying an additional 86,756 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Dynegy during the fourth quarter worth about $3,740,000. GSA Capital Partners LLP bought a new stake in Dynegy during the fourth quarter worth about $159,000. Thrivent Financial for Lutherans bought a new stake in Dynegy during the fourth quarter worth about $892,000. Finally, Quadrature Capital Ltd bought a new stake in Dynegy during the fourth quarter worth about $460,000.
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Dynegy (NYSE:DYN) opened at 8.99 on Friday. The company’s market cap is $1.18 billion. Dynegy has a 12-month low of $5.84 and a 12-month high of $17.05. The stock’s 50 day moving average is $8.19 and its 200 day moving average is $8.08.
Dynegy (NYSE:DYN) last announced its quarterly earnings results on Thursday, May 4th. The utilities provider reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.42. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Dynegy had a negative net margin of 14.25% and a negative return on equity of 14.18%. On average, equities analysts forecast that Dynegy will post ($0.62) earnings per share for the current year.
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.
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