Price Action To Observe: Dynegy Inc.’s Trend Up, Especially After Today’s Strong Session

Price Action To Observe: Dynegy Inc.'s Trend Up, Especially After Today's Strong Session

The stock of Dynegy Inc. (NYSE:DYN) is a huge mover today! About 1.29M shares traded hands. Dynegy Inc. (NYSE:DYN) has risen 22.92% since February 29, 2016 and is uptrending. It has outperformed by 10.70% the S&P500.
The move comes after 5 months positive chart setup for the $1.45B company. It was reported on Oct, 3 by We have $21.28 PT which if reached, will make NYSE:DYN worth $1.00B more.

Analysts await Dynegy Inc. (NYSE:DYN) to report earnings on November, 2. They expect $0.31 earnings per share, up 1,450.00% or $0.29 from last year’s $0.02 per share. DYN’s profit will be $35.70 million for 10.15 P/E if the $0.31 EPS becomes a reality. After $-1.35 actual earnings per share reported by Dynegy Inc. for the previous quarter, Wall Street now forecasts -122.96% EPS growth.

Dynegy Inc. (NYSE:DYN) Ratings Coverage

Out of 12 analysts covering Dynegy (NYSE:DYN), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. Dynegy has been the topic of 31 analyst reports since August 9, 2015 according to StockzIntelligence Inc. SunTrust maintained Dynegy Inc. (NYSE:DYN) on Wednesday, August 24 with “Buy” rating. The stock has “Buy” rating given by Deutsche Bank on Sunday, August 9. The firm has “Buy” rating given on Friday, December 18 by Citigroup. SunTrust maintained the stock with “Neutral” rating in Monday, March 7 report. Deutsche Bank maintained it with “Buy” rating and $31 target price in Friday, November 6 report. The firm has “Neutral” rating by SunTrust given on Friday, October 16. The rating was maintained by Barclays Capital with “Overweight” on Friday, January 22. Suntrust Robinson maintained Dynegy Inc. (NYSE:DYN) on Wednesday, August 24 with “Buy” rating. The rating was upgraded by Suntrust Robinson on Wednesday, June 29 to “Buy”. Barclays Capital maintained the stock with “Overweight” rating in Friday, May 20 report.

According to Zacks Investment Research, “Dynegy Inc. provides wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities and other energy companies in six states in U.S. regions of the Midwest, the Northeast and the West Coast. It operates in three segments: the Coal segment, the Gas Segment and the Dynegy Northeast Segment. Dynegy Inc. is headquartered in Houston, Texas.”

Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.12, from 1.07 in 2016Q1. The ratio increased, as 27 funds sold all Dynegy Inc. shares owned while 54 reduced positions. 39 funds bought stakes while 57 increased positions. They now own 129.24 million shares or 11.31% more from 116.11 million shares in 2016Q1.
Bancorp Of America De last reported 0% of its portfolio in the stock. Oaktree Cap Mgmt Lp last reported 8.42 million shares in the company. The Georgia-based Synovus Financial Corporation has invested 0% in Dynegy Inc. (NYSE:DYN). Barclays Public Ltd Company reported 33,951 shares or 0% of all its holdings. Raffles Associate L P accumulated 100,000 shares or 1.75% of the stock. The Ohio-based Huntington National Bank has invested 0% in Dynegy Inc. (NYSE:DYN). Glenmede Tru Co Na last reported 0% of its portfolio in the stock. Cushing Asset Mgmt Limited Partnership holds 131,406 shares or 0.08% of its portfolio. Nomura Asset accumulated 6,600 shares or 0% of the stock. Moreover, Invesco Ltd has 0% invested in Dynegy Inc. (NYSE:DYN) for 191,691 shares. Picton Mahoney Asset Mgmt holds 0.34% of its portfolio in Dynegy Inc. (NYSE:DYN) for 321,800 shares. Citigroup Incorporated holds 0% or 61,933 shares in its portfolio. Piedmont Inv Advsr Ltd owns 211 shares or 0% of their US portfolio. Alliancebernstein Ltd Partnership last reported 0% of its portfolio in the stock. California Public Employees Retirement System reported 196,119 shares or 0.01% of all its holdings.

Another recent and important Dynegy Inc. (NYSE:DYN) news was published by which published an article titled: “Dynegy Reaches Tentative Agreement Regarding Illinois Power Generating Notes …” on October 03, 2016.

DYN Company Profile

Dynegy Inc., incorporated on September 13, 2006, is a holding company, which conducts its business through its subsidiaries. The Company’s principal business is the production and sale of electric energy, capacity and ancillary services from its fleet of over 30 power plants in approximately eight states totaling approximately 26,000 megawatts (MW) of generating capacity. The Firm operates through three divisions: Coal, Illinois Power Holdings, LLC (IPH) and Gas. The Company’s Coal segment includes certain of its coal-fired power generation facilities and its Dynegy Energy Services, LLC retail business. The Company’s IPH segment includes Illinois Power Generating Company (Genco) and Illinois Power Resources Generating, LLC (IPRG), which also own, directly and indirectly, certain of its coal-fired power generation facilities. IPH also includes its Homefield Energy retail business in Illinois. The Company’s Gas segment includes substantially all of its natural gas-fired power generation facilities.

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