BidaskClub upgraded shares of Dynegy Inc. (NYSE:DYN) from a sell rating to a hold rating in a research note published on Wednesday, July 19th.
Separately, Deutsche Bank AG raised Dynegy from a sell rating to a hold rating and lifted their target price for the stock 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 issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $10.82.
Dynegy (NYSE DYN) opened at 8.60 on Wednesday. Dynegy has a 52-week low of $5.84 and a 52-week high of $14.45. The firm has a 50-day moving average price of $8.33 and a 200 day moving average price of $8.05. The stock’s market cap is $1.13 billion.
Dynegy (NYSE:DYN) last posted 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. Dynegy had a negative net margin of 2.72% and a negative return on equity of 12.78%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $972.27 million. On average, analysts forecast that Dynegy will post ($0.63) earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/08/08/dynegy-inc-dyn-raised-to-hold-at-bidaskclub-updated-updated.html.
Several hedge funds have recently bought and sold shares of DYN. State Street Corp increased its position in Dynegy by 4.1% in the fourth quarter. State Street Corp now owns 2,210,112 shares of the utilities provider’s stock worth $18,697,000 after buying an additional 86,756 shares during the period. Renaissance Technologies LLC purchased a new position in Dynegy during the fourth quarter worth about $3,740,000. GSA Capital Partners LLP purchased a new position in Dynegy during the fourth quarter worth about $159,000. Thrivent Financial for Lutherans purchased a new position in Dynegy during the fourth quarter worth about $892,000. Finally, Quadrature Capital Ltd purchased a new position in Dynegy during the fourth quarter worth about $460,000.
About Dynegy
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.
Receive News & Ratings for Dynegy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynegy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
