Shares of Dynegy Inc. (NYSE:DYN) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $13.57.
DYN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Dynegy from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday, March 2nd. TheStreet upgraded Dynegy from a “d+” rating to a “c-” rating in a research note on Friday, January 12th. Finally, SunTrust Banks restated a “hold” rating and set a $14.00 price objective on shares of Dynegy in a research note on Tuesday, March 6th.
NYSE DYN traded down $0.29 during mid-day trading on Wednesday, reaching $13.23. 2,132,911 shares of the company’s stock traded hands, compared to its average volume of 2,917,686. Dynegy has a 1-year low of $5.84 and a 1-year high of $13.92. The company has a quick ratio of 1.03, a current ratio of 1.45 and a debt-to-equity ratio of 4.40. The firm has a market cap of $1,952.17, a PE ratio of 59.41 and a beta of 1.59.
Dynegy (NYSE:DYN) last issued its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.34. Dynegy had a negative return on equity of 11.03% and a net margin of 1.57%. The firm had revenue of $994.00 million during the quarter, compared to analyst estimates of $1.17 billion. analysts anticipate that Dynegy will post 1 earnings per share for the current year.
In other news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of Dynegy stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $11.79, for a total value of $61,897,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of DYN. Suntrust Banks Inc. acquired a new position in shares of Dynegy in the 4th quarter worth approximately $135,000. Stone Ridge Asset Management LLC acquired a new position in shares of Dynegy in the 4th quarter worth approximately $138,000. KBC Group NV acquired a new position in shares of Dynegy in the 3rd quarter worth approximately $158,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Dynegy in the 3rd quarter worth approximately $187,000. Finally, Castleton Investment Management LLC acquired a new position in shares of Dynegy in the 4th quarter worth approximately $234,000.
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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