Dynegy Inc. (NYSE:DYN) posted its quarterly earnings results on Wednesday. The utilities provider reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($1.26), reports. Dynegy had a negative return on equity of 12.97% and a negative net margin of 2.72%.
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Several research analysts have weighed in on the company. Deutsche Bank AG lowered their price target on Dynegy from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Monday, August 7th. Morgan Stanley set a $15.00 price target on Dynegy and gave the stock a “buy” rating in a research report on Thursday, October 26th. Guggenheim reaffirmed a “buy” rating and set a $18.00 price target (up previously from $14.00) on shares of Dynegy in a research report on Monday, August 21st. BidaskClub raised Dynegy from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Dynegy in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Dynegy presently has a consensus rating of “Hold” and an average target price of $11.89.
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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