BidaskClub lowered shares of Dynegy Inc. (NYSE:DYN) from a hold rating to a sell rating in a research note published on Tuesday, July 11th.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Dynegy from a buy rating to a hold rating in a report on Monday, March 13th. 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. Finally, Deutsche Bank AG upgraded shares of Dynegy from a sell rating to a hold rating and lifted their price target for the stock from $6.00 to $7.00 in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $10.54.
Shares of Dynegy (NYSE:DYN) traded down 1.67% during trading on Tuesday, hitting $8.84. The stock had a trading volume of 1,391,242 shares. Dynegy has a 12 month low of $5.84 and a 12 month high of $17.05. The company’s market cap is $1.16 billion. The stock has a 50-day moving average price of $8.19 and a 200 day moving average price of $8.08.
Dynegy (NYSE:DYN) last issued 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 net margin of 14.25% and a negative return on equity of 14.18%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Equities analysts expect that Dynegy will post ($0.62) EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position 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 in the last quarter. Advent Capital Management DE bought a new position in Dynegy during the first quarter valued at about $103,000. Oppenheimer Asset Management Inc. bought a new position in Dynegy during the first quarter valued at about $115,000. Quantum Capital Management bought a new position in Dynegy during the first quarter valued at about $156,000. Finally, GSA Capital Partners LLP bought a new position in Dynegy during the fourth quarter valued at about $159,000.
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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