The stock of Dynegy Inc. (NYSE:DYN) is a huge mover today! About 2.80M shares traded hands or 2.56% up from the average. Dynegy Inc. (NYSE:DYN) has risen 0.08% since March 15, 2016 and is uptrending. It has underperformed by 5.40% the S&P500.
The move comes after 5 months positive chart setup for the $1.47B company. It was reported on Oct, 18 by Barchart.com. We have $20.01 PT which if reached, will make NYSE:DYN worth $779.10M 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 $34.84 million for 10.55 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 initiated Dynegy Inc. (NYSE:DYN) on Friday, October 16 with “Neutral” rating. The rating was maintained by Deutsche Bank with “Buy” on Sunday, August 9. Citigroup upgraded the shares of DYN in a report on Wednesday, June 29 to “Buy” rating. The rating was maintained by Deutsche Bank with “Buy” on Friday, November 6. The stock has “Neutral” rating given by SunTrust on Monday, March 7. Suntrust Robinson initiated the stock with “Neutral” rating in Friday, October 16 report. Barclays Capital maintained it with “Overweight” rating and $15 target price in Friday, January 22 report. The firm earned “Buy” rating on Wednesday, June 29 by Suntrust Robinson. The firm earned “Overweight” rating on Friday, May 20 by Barclays Capital. The firm has “Neutral” rating given on Thursday, June 9 by UBS.
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 is positive, 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.
State Of New Jersey Common Pension Fund D last reported 50,000 shares in the company. Cushing Asset Lp holds 131,406 shares or 0.08% of its portfolio. Ahl Prtn Limited Liability Partnership accumulated 0.74% or 795,738 shares. Moreover, California State Teachers Retirement has 0.01% invested in Dynegy Inc. (NYSE:DYN) for 245,431 shares. Geode Capital Mngmt Ltd Llc reported 719,017 shares or 0.01% of all its holdings. New York State Common Retirement Fund last reported 0% of its portfolio in the stock. Massachusetts Services Ma reported 10.00M shares or 0.09% of all its holdings. Millennium Management Ltd has 1.53M shares for 0.06% of their US portfolio. Us Financial Bank De last reported 4 shares in the company. The New York-based Springbok Cap Mngmt Lc has invested 0.02% in Dynegy Inc. (NYSE:DYN). Moreover, Royal Financial Bank Of Canada has 0% invested in Dynegy Inc. (NYSE:DYN) for 911 shares. Aperio Group Ltd Company reported 29,923 shares or 0% of all its holdings. Creative Planning accumulated 18 shares or 0% of the stock. Convergence Inv Prtnrs Limited Com last reported 0.69% of its portfolio in the stock. Clarivest Asset Management Ltd Liability Co accumulated 0.04% or 77,427 shares.
More recent Dynegy Inc. (NYSE:DYN) news were published by: Businesswire.com which released: “Dynegy Reaches Agreement Regarding Illinois Power Generating Financial …” on October 14, 2016. Also Businesswire.com published the news titled: “Dynegy Completes $750 Million Senior Notes Offering” on October 11, 2016. 247Wallst.com‘s news article titled: “SunTrust Says Utilities Are Rich: Only 5 Remain Rated Buy” with publication date: October 18, 2016 was also an interesting one.
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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