The stock of Dynegy Inc. (NYSE:DYN) is a huge mover today! The stock increased 3.95% or $0.35 on November 23, hitting $9.21. About 1.15M shares traded hands. Dynegy Inc. (NYSE:DYN) has declined 46.27% since April 22, 2016 and is downtrending. It has underperformed by 51.68% the S&P500.
The move comes after 8 months positive chart setup for the $1.04B company. It was reported on Nov, 24 by Barchart.com. We have $9.85 PT which if reached, will make NYSE:DYN worth $72.80M more.
Analysts await Dynegy Inc. (NYSE:DYN) to report earnings on February, 22. They expect $-0.85 EPS, up 23.42% or $0.26 from last year’s $-1.11 per share. After $0.01 actual EPS reported by Dynegy Inc. for the previous quarter, Wall Street now forecasts -8,600.00% negative EPS growth.
Dynegy Inc. (NYSE:DYN) Ratings Coverage
Out of 12 analysts covering Dynegy (NYSE:DYN), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. Dynegy has been the topic of 32 analyst reports since August 9, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, June 29 by Citigroup. On Thursday, June 9 the stock rating was downgraded by UBS to “Neutral”. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, October 20. The stock of Dynegy Inc. (NYSE:DYN) earned “Overweight” rating by Barclays Capital on Friday, March 18. SunTrust maintained the stock with “Buy” rating in Wednesday, August 24 report. The company was maintained on Tuesday, August 25 by Deutsche Bank. On Wednesday, June 29 the stock rating was upgraded by Suntrust Robinson to “Buy”. The firm has “Buy” rating by Deutsche Bank given on Friday, November 6. Deutsche Bank maintained Dynegy Inc. (NYSE:DYN) on Sunday, August 9 with “Buy” rating. The stock has “Neutral” rating given by Guggenheim on Friday, January 29.
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 1.34 in Q2 2016. Its up 0.15, from 1.19 in 2016Q1. The ratio improved, 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 Commercial Bank Ag has invested 0.02% of its portfolio in Dynegy Inc. (NYSE:DYN). Profund Advsrs Ltd Liability holds 0.01% of its portfolio in Dynegy Inc. (NYSE:DYN) for 15,221 shares. The New York-based Steadfast Mgmt Ltd Partnership has invested 1.41% in Dynegy Inc. (NYSE:DYN). Tph Asset Management Llc has 0.05% invested in the company for 31,025 shares. Moreover, Price T Rowe Associates Md has 0% invested in Dynegy Inc. (NYSE:DYN) for 18,108 shares. D E Shaw Company owns 2.09 million shares or 0.07% of their US portfolio. The New York-based Trafelet Brokaw Limited Partnership has invested 0.08% in Dynegy Inc. (NYSE:DYN). Metropolitan Life Insur Comm has 85,792 shares for 0.01% of their US portfolio. Manufacturers Life The reported 76,390 shares or 0% of all its holdings. Sg Americas Secs Ltd Llc last reported 0% of its portfolio in the stock. Citigroup last reported 61,933 shares in the company. Moreover, State Of New Jersey Common Pension Fund D has 0% invested in Dynegy Inc. (NYSE:DYN) for 50,000 shares. Comml Bank Of America Corporation De has invested 0% of its portfolio in Dynegy Inc. (NYSE:DYN). Ubs Asset Management Americas holds 0% of its portfolio in Dynegy Inc. (NYSE:DYN) for 107,383 shares. Two Sigma Securities Limited Liability Company accumulated 13,815 shares or 0.13% of the stock.
Another recent and important Dynegy Inc. (NYSE:DYN) news was published by Fool.com which published an article titled: “Why Shares of Dynegy Inc. Plunged 35% Today” on November 02, 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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