Dynegy Inc. (NYSE:DYN)‘s stock had its “buy” rating reiterated by investment analysts at Barclays PLC in a report released on Tuesday, July 25th. They currently have a $13.00 price target on the utilities provider’s stock. Barclays PLC’s target price indicates a potential upside of 53.30% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. BidaskClub upgraded Dynegy from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Deutsche Bank AG upgraded Dynegy from a “sell” rating to a “hold” rating and boosted their price objective for the company from $6.00 to $7.00 in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.82.
Shares of Dynegy (NYSE DYN) opened at 8.48 on Tuesday. The stock’s market capitalization is $1.11 billion. The firm’s 50-day moving average is $8.40 and its 200-day moving average is $8.01. Dynegy has a 1-year low of $5.84 and a 1-year high of $14.34.
Dynegy (NYSE:DYN) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $972.27 million. On average, analysts predict 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 stock. Dimensional Fund Advisors LP boosted its stake in Dynegy by 58.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,907,332 shares of the utilities provider’s stock valued at $48,854,000 after buying an additional 2,185,292 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Dynegy by 33.8% in the second quarter. Parametric Portfolio Associates LLC now owns 561,496 shares of the utilities provider’s stock valued at $4,644,000 after buying an additional 141,991 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Dynegy during the second quarter valued at approximately $457,000. Quantum Capital Management boosted its stake in Dynegy by 50.4% in the second quarter. Quantum Capital Management now owns 29,880 shares of the utilities provider’s stock valued at $247,000 after buying an additional 10,007 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Dynegy by 7.7% in the second quarter. Vanguard Group Inc. now owns 9,864,122 shares of the utilities provider’s stock valued at $81,577,000 after buying an additional 702,231 shares during the last quarter.
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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