Deutsche Bank AG Lowers Dynegy Inc. (NYSE:DYN) Price Target to $10.00
Dynegy Inc. (NYSE:DYN) had its target price decreased by Deutsche Bank AG from $11.00 to $10.00 in a research note issued on Monday. The firm currently has a “hold” rating on the utilities provider’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 17.79% from the company’s current price.
Other research analysts also recently issued research reports about the stock. BidaskClub raised shares of Dynegy from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Barclays PLC reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Dynegy in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $10.82.
Dynegy (NYSE:DYN) traded up 2.24% during midday trading on Monday, hitting $8.68. 2,789,048 shares of the stock were exchanged. The firm’s 50 day moving average price is $8.33 and its 200 day moving average price is $8.05. The company’s market cap is $1.14 billion. Dynegy has a 12 month low of $5.84 and a 12 month high of $14.45.
Dynegy (NYSE:DYN) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by $0.61. Dynegy had a negative return on equity of 12.78% and a negative net margin of 2.72%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $972.27 million. On average, equities research analysts forecast that Dynegy will post ($0.63) earnings per share for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in DYN. Renaissance Technologies LLC acquired a new stake in Dynegy during the fourth quarter valued at approximately $3,740,000. Quadrature Capital Ltd acquired a new stake in Dynegy during the fourth quarter valued at approximately $460,000. ANTIPODES PARTNERS Ltd acquired a new stake in Dynegy during the first quarter valued at approximately $7,983,000. Nisa Investment Advisors LLC increased 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 valued at $102,000 after buying an additional 3,000 shares during the period. Finally, DUPONT CAPITAL MANAGEMENT Corp increased its stake in Dynegy by 9.5% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 259,552 shares of the utilities provider’s stock valued at $2,040,000 after buying an additional 22,600 shares during the period.
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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