Dynegy Inc. (DYN) Given Buy Rating at Barclays PLC
Dynegy Inc. (NYSE:DYN)‘s stock had its “buy” rating reaffirmed by Barclays PLC in a report issued on Tuesday. They currently have a $13.00 target price on the utilities provider’s stock. Barclays PLC’s target price suggests a potential upside of 48.40% from the stock’s previous close.
Several other equities research analysts have also issued reports on the company. BidaskClub raised Dynegy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Deutsche Bank AG raised Dynegy from a “sell” rating to a “hold” rating and lifted their price objective for the company from $6.00 to $7.00 in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $10.39.
Shares of Dynegy (DYN) opened at 8.76 on Tuesday. The company’s market capitalization is $1.15 billion. The company has a 50-day moving average price of $8.21 and a 200 day moving average price of $8.08. Dynegy has a 1-year low of $5.84 and a 1-year high of $17.05.
Dynegy (NYSE:DYN) last released its earnings results on Thursday, May 4th. The utilities provider reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.42. Dynegy had a negative return on equity of 14.18% and a negative net margin of 14.25%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. Equities research analysts anticipate that Dynegy will post ($0.63) EPS for the current year.
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Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in shares of Dynegy by 419.2% in the second quarter. Nisa Investment Advisors LLC now owns 67,500 shares of the utilities provider’s stock valued at $552,000 after buying an additional 54,500 shares during the period. ANTIPODES PARTNERS Ltd raised its stake in shares of Dynegy by 6.1% in the second quarter. ANTIPODES PARTNERS Ltd now owns 1,077,811 shares of the utilities provider’s stock valued at $8,913,000 after buying an additional 62,166 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Dynegy by 2.0% in the first quarter. Public Employees Retirement System of Ohio now owns 250,406 shares of the utilities provider’s stock valued at $1,968,000 after buying an additional 4,902 shares during the period. Bank of Nova Scotia purchased a new stake in shares of Dynegy during the first quarter valued at about $7,781,000. Finally, Point72 Europe London LLP raised its stake in shares of Dynegy by 15.6% in the first quarter. Point72 Europe London LLP now owns 410,442 shares of the utilities provider’s stock valued at $3,226,000 after buying an additional 55,493 shares during the period.
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.
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