Brokerages Set Dynegy Inc. (NYSE:DYN) Target Price at $26.86
Shares of Dynegy Inc. (NYSE:DYN) have earned a consensus rating of “Buy” from the twelve research firms that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.86.
Several research analysts recently commented on DYN shares. Citigroup Inc. lowered shares of Dynegy from a “buy” rating to a “neutral” rating and raised their price target for the company from $20.00 to $21.00 in a report on Friday, June 10th. Deutsche Bank AG restated a “buy” rating and issued a $21.00 price target on shares of Dynegy in a report on Friday, June 17th. Royal Bank Of Canada restated a “buy” rating on shares of Dynegy in a report on Friday, June 17th. SunTrust Banks Inc. upgraded shares of Dynegy from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $20.00 in a report on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Wolfe Research lowered shares of Dynegy from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 13th.
Dynegy (NYSE:DYN) opened at 12.39 on Wednesday. Dynegy has a one year low of $7.20 and a one year high of $24.25. The company has a 50 day moving average of $12.73 and a 200-day moving average of $15.58. The firm’s market cap is $1.45 billion.
Dynegy (NYSE:DYN) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($6.73) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by $6.23. Dynegy had a negative net margin of 22.67% and a negative return on equity of 11.83%. On average, equities research analysts predict that Dynegy will post ($1.92) earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in Dynegy by 14.9% in the second quarter. Public Employees Retirement System of Ohio now owns 7,615 shares of the company’s stock worth $131,000 after buying an additional 987 shares during the last quarter. Sterling Capital Management LLC acquired a new position in Dynegy during the second quarter worth approximately $581,000. Legal & General Group Plc increased its position in Dynegy by 78.6% in the second quarter. Legal & General Group Plc now owns 116,430 shares of the company’s stock worth $1,999,000 after buying an additional 51,241 shares in the last quarter. Numeric Investors LLC acquired a new position in Dynegy during the second quarter worth approximately $4,315,000. Finally, Point72 Asset Management L.P. increased its position in Dynegy by 184.3% in the second quarter. Point72 Asset Management L.P. now owns 1,686,600 shares of the company’s stock worth $29,077,000 after buying an additional 1,093,300 shares in the last quarter.
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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