Dynegy Inc. (DYN) Receives Buy Rating from Guggenheim
Dynegy Inc. (NYSE:DYN)‘s stock had its “buy” rating reaffirmed by Guggenheim in a note issued to investors on Monday. They presently have a $18.00 target price on the utilities provider’s stock, up from their prior target price of $14.00. Guggenheim’s price target would suggest a potential upside of 93.97% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Barclays PLC reissued a “buy” rating and issued a $13.00 price target on shares of Dynegy in a report on Tuesday, July 25th. BidaskClub raised Dynegy from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Deutsche Bank AG raised Dynegy from a “sell” rating to a “hold” rating and boosted their price target for the company from $6.00 to $7.00 in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.72.
Dynegy (NYSE:DYN) traded up 2.48% during trading on Monday, reaching $9.51. 684,113 shares of the company’s stock traded hands. The firm’s market cap is $1.25 billion. The company has a 50 day moving average of $8.43 and a 200 day moving average of $7.98. Dynegy has a one year low of $5.84 and a one year high of $14.34.
Dynegy (NYSE:DYN) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.83) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.61. Dynegy had a negative net margin of 2.72% and a negative return on equity of 12.97%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $972.27 million. Equities research analysts predict that Dynegy will post ($0.82) EPS for the current year.
Several hedge funds have recently modified their holdings of DYN. Nisa Investment Advisors LLC boosted its stake in shares of 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 last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in shares of 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 last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Dynegy by 77.8% in the first quarter. Canada Pension Plan Investment Board now owns 525,200 shares of the utilities provider’s stock valued at $4,128,000 after buying an additional 229,800 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Dynegy by 64.8% in the first quarter. First Trust Advisors LP now owns 57,645 shares of the utilities provider’s stock valued at $453,000 after buying an additional 22,663 shares during the last quarter. Finally, HPM Partners LLC purchased a new stake in shares of Dynegy during the first quarter valued at approximately $910,000.
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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