Dynegy Inc. (NYSE:DYN) Given New $10.00 Price Target at Deutsche Bank AG
Dynegy Inc. (NYSE:DYN) had its price target lowered by Deutsche Bank AG from $11.00 to $10.00 in a research note published on Monday, August 7th. The firm currently has a hold rating on the utilities provider’s stock.
Other equities research analysts have also issued reports about the company. BidaskClub upgraded Dynegy from a sell rating to a hold rating in a research report on Tuesday, June 27th. Barclays PLC reiterated a buy rating and issued a $13.00 price objective on shares of Dynegy in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $10.82.
Shares of Dynegy (DYN) traded up 6.42% during midday trading on Monday, hitting $9.28. 8,912,834 shares of the company were exchanged. Dynegy has a one year low of $5.84 and a one year high of $14.34. The company’s market capitalization is $1.22 billion. The company has a 50-day moving average of $8.43 and a 200 day moving average of $7.98.
Dynegy (NYSE:DYN) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.83) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.61. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $972.27 million. Dynegy had a negative return on equity of 12.97% and a negative net margin of 2.72%. On average, equities research analysts expect that Dynegy will post ($0.82) earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the company. QCM Cayman Ltd. bought a new stake in Dynegy during the second quarter valued at approximately $100,000. 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. Integral Derivatives LLC bought a new stake in Dynegy during the second quarter valued at approximately $102,000. Advent Capital Management DE bought a new stake in Dynegy during the first quarter valued at approximately $103,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Dynegy during the first quarter valued at approximately $115,000.
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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