The stock of Dynegy Inc. (NYSE:DYN) gapped up by $0.09 today and has $17.46 target or 33.00% above today’s $13.13 share price. The 5 months technical chart setup indicates low risk for the $1.45B company. The gap was reported on Oct, 4 by Barchart.com. If the $17.46 price target is reached, the company will be worth $478.50M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 5.97% or $0.74 during the last trading session, hitting $13.13. About 3.86M shares traded hands or 55.02% up from the average. Dynegy Inc. (NYSE:DYN) has risen 26.62% since March 1, 2016 and is uptrending. It has outperformed by 14.40% the S&P500.
Analysts await Dynegy Inc. (NYSE:DYN) to report earnings on November, 2. They expect $0.31 EPS, up 1,450.00% or $0.29 from last year’s $0.02 per share. DYN’s profit will be $34.23 million for 10.59 P/E if the $0.31 EPS becomes a reality. After $-1.35 actual EPS 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. The rating was maintained by SunTrust on Monday, March 7 with “Neutral”. The firm has “Overweight” rating given on Friday, January 22 by Barclays Capital. UBS maintained Dynegy Inc. (NYSE:DYN) rating on Thursday, September 15. UBS has “Neutral” rating and $13.50 price target. As per Friday, January 29, the company rating was initiated by Guggenheim. On Thursday, June 9 the stock rating was downgraded by UBS to “Neutral”. Deutsche Bank maintained Dynegy Inc. (NYSE:DYN) rating on Tuesday, August 25. Deutsche Bank has “Buy” rating and $35 price target. Citigroup upgraded Dynegy Inc. (NYSE:DYN) on Wednesday, June 29 to “Buy” rating. The company was reinitiated on Friday, April 8 by Ladenburg Thalmann. As per Friday, October 16, the company rating was initiated by SunTrust. Suntrust Robinson maintained Dynegy Inc. (NYSE:DYN) rating on Wednesday, August 24. Suntrust Robinson has “Buy” rating and $19 price target.
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 Q2 2016. 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.
Deutsche Natl Bank Ag owns 1.26 million shares or 0.02% of their US portfolio. Northern Corporation owns 1.37M shares or 0.01% of their US portfolio. Altalis Capital Ltd Llc last reported 65,177 shares in the company. Swiss National Bank & Trust has 0% invested in the company for 170,350 shares. Nomura Asset Mngmt Ltd, a Japan-based fund reported 6,600 shares. Susquehanna Interest Grp Inc Ltd Liability Partnership, a Pennsylvania-based fund reported 32,948 shares. Vega Engy Grp Ltd Liability Company has 1.07M shares for 14.95% of their US portfolio. The North Carolina-based Retail Bank Of America Corp De has invested 0% in Dynegy Inc. (NYSE:DYN). Cushing Asset Mgmt Lp has 131,406 shares for 0.08% of their US portfolio. Renaissance Tech Limited Com holds 74,400 shares or 0% of its portfolio. Moreover, Intl Gru has 0% invested in Dynegy Inc. (NYSE:DYN) for 67,297 shares. Balyasny Asset Mngmt Limited accumulated 509,600 shares or 0.06% of the stock. Alexandria Ltd Liability Co accumulated 0% or 601 shares. D E Shaw And Incorporated holds 2.09 million shares or 0.07% of its portfolio. Laurion Cap Mngmt Ltd Partnership has 0.02% invested in the company for 69,800 shares.
More news for Dynegy Inc. (NYSE:DYN) were recently published by: Twst.com, which released: “Dynegy Inc.: Dynegy Reaches Tentative Agreement Regarding Illinois Power …” on October 03, 2016. Reuters.com‘s article titled: “BRIEF-Dynegy reaches tentative agreement regarding Illinois Power generati…” and published on October 03, 2016 is yet another important article.
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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