Dynegy Inc. (DYN) Earns “Hold” Rating from Royal Bank Of Canada

Royal Bank Of Canada reissued their hold rating on shares of Dynegy Inc. (NYSE:DYN) in a research report report published on Tuesday morning. The brokerage currently has a $8.00 target price on the utilities provider’s stock.

DYN has been the subject of a number of other reports. Deutsche Bank AG decreased their target price on Dynegy from $11.00 to $10.00 and set a hold rating for the company in a research note on Monday, August 7th. Guggenheim restated a buy rating and issued a $18.00 target price (up from $14.00) on shares of Dynegy in a research note on Monday, August 21st. BidaskClub upgraded Dynegy from a sell rating to a hold rating in a research note on Saturday, August 19th. Finally, Barclays PLC restated a buy rating and issued a $13.00 target price on shares of Dynegy in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Dynegy has an average rating of Hold and a consensus price target of $11.00.

Shares of Dynegy (NYSE:DYN) traded up 0.365% during mid-day trading on Tuesday, hitting $9.625. The company had a trading volume of 334,302 shares. Dynegy has a 52-week low of $5.84 and a 52-week high of $13.59. The stock’s market cap is $1.26 billion. The stock’s 50-day moving average is $9.46 and its 200-day moving average is $8.31.

Dynegy (NYSE:DYN) last issued its earnings results on Thursday, August 3rd. The utilities provider reported ($0.83) EPS for the quarter, missing the Zacks’ 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 company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $972.27 million. Equities analysts forecast that Dynegy will post ($0.69) earnings per share for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. lifted its position in Dynegy by 11.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,302 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 1,643 shares during the period. Legal & General Group Plc lifted its position in Dynegy by 1.4% in the first quarter. Legal & General Group Plc now owns 185,400 shares of the utilities provider’s stock worth $1,453,000 after purchasing an additional 2,527 shares during the period. Profund Advisors LLC lifted its position in Dynegy by 20.2% in the second quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 2,655 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in Dynegy by 3.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 84,419 shares of the utilities provider’s stock worth $664,000 after purchasing an additional 2,712 shares during the period. Finally, American International Group Inc. lifted its position in Dynegy by 7.1% in the first quarter. American International Group Inc. now owns 71,987 shares of the utilities provider’s stock worth $566,000 after purchasing an additional 4,760 shares during the period.

About Dynegy

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.

Analyst Recommendations for Dynegy (NYSE:DYN)

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