Dynegy Inc. (NYSE:DYN)‘s stock had its “hold” rating reaffirmed by stock analysts at Royal Bank Of Canada in a report issued on Thursday. They presently have a $12.10 target price on the utilities provider’s stock. Royal Bank Of Canada’s target price points to a potential downside of 2.18% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Morgan Stanley set a $15.00 target price on shares of Dynegy and gave the company a “buy” rating in a report on Thursday, October 26th. Bank of America Corporation initiated coverage on shares of Dynegy in a report on Tuesday, October 24th. They issued a “buy” rating and a $11.00 target price for the company. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Dynegy in a report on Friday, October 13th. Barclays PLC reaffirmed a “buy” rating and issued a $13.00 target price on shares of Dynegy in a report on Tuesday, July 25th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $18.00 target price (up from $14.00) on shares of Dynegy in a report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.34.
Shares of Dynegy (NYSE DYN) traded up $0.12 during trading hours on Thursday, reaching $12.37. 8,507,206 shares of the company were exchanged, compared to its average volume of 8,011,531. The company has a debt-to-equity ratio of 5.46, a current ratio of 1.97 and a quick ratio of 1.23. Dynegy has a 1 year low of $5.84 and a 1 year high of $12.84.
Dynegy (NYSE:DYN) last issued its 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 0.22% and a negative return on equity of 17.98%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $972.27 million. sell-side analysts anticipate that Dynegy will post -1.63 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its stake in shares of Dynegy by 11.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,302 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 1,643 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Dynegy by 1.4% during the 1st quarter. Legal & General Group Plc now owns 185,400 shares of the utilities provider’s stock worth $1,453,000 after purchasing an additional 2,527 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Dynegy by 20.2% during the 2nd quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 2,655 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Dynegy by 3.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 84,419 shares of the utilities provider’s stock worth $664,000 after purchasing an additional 2,712 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of Dynegy by 7.1% during the 1st quarter. American International Group Inc. now owns 71,987 shares of the utilities provider’s stock worth $566,000 after purchasing an additional 4,760 shares in the last quarter.
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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