Notable Price Action: Could Dynegy Inc. Decline After Today’s Huge Increase?

Notable Price Action: Could Dynegy Inc. Decline After Today's Huge Increase?

The stock of Dynegy Inc. (NYSE:DYN) is a huge mover today! About 8.87M shares traded hands or 122.86% up from the average. Dynegy Inc. (NYSE:DYN) has declined 50.80% since April 1, 2016 and is downtrending. It has underperformed by 52.02% the S&P500.
The move comes after 8 months positive chart setup for the $860.93M company. It was reported on Nov, 3 by Barchart.com. We have $12.10 PT which if reached, will make NYSE:DYN worth $464.90M more.

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 stock of Dynegy Inc. (NYSE:DYN) has “Neutral” rating given on Friday, October 16 by SunTrust. On Wednesday, August 24 the stock rating was maintained by Suntrust Robinson with “Buy”. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, August 25. Suntrust Robinson initiated the shares of DYN in a report on Friday, October 16 with “Neutral” rating. The rating was downgraded by RBC Capital Markets on Thursday, October 20 to “Sector Perform”. The rating was maintained by SunTrust on Monday, March 7 with “Neutral”. Ladenburg Thalmann reinitiated the stock with “Buy” rating in Friday, April 8 report. The rating was maintained by UBS with “Neutral” on Thursday, September 15. The rating was initiated by Citigroup on Friday, September 18 with “Neutral”. The firm has “Overweight” rating given on Friday, January 22 by Barclays Capital.

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 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.
Federated Investors Inc Pa reported 305,635 shares or 0.02% of all its holdings. Carlson Cap Limited Partnership holds 1.18% or 5.48M shares in its portfolio. Picton Mahoney Asset Mngmt last reported 0.34% of its portfolio in the stock. Viking Glob Invsts Lp, a Connecticut-based fund reported 9.13M shares. State Street, a Massachusetts-based fund reported 2.14 million shares. California Pub Employees Retirement Sys has 196,119 shares for 0.01% of their US portfolio. The Connecticut-based Point72 Asset Mgmt Limited Partnership has invested 0.2% in Dynegy Inc. (NYSE:DYN). Steadfast Limited Partnership holds 1.41% or 133,662 shares in its portfolio. Skytop Capital Mgmt Limited Com has 335,000 shares for 5% of their US portfolio. The Pennsylvania-based Vanguard Grp Inc has invested 0.01% in Dynegy Inc. (NYSE:DYN). Lpl Finance Ltd Company holds 20,528 shares or 0% of its portfolio. Pnc Finance Group holds 0% or 694 shares in its portfolio. Moreover, Teachers Advsrs has 0.08% invested in Dynegy Inc. (NYSE:DYN) for 2.64 million shares. Rhumbline Advisers holds 0.01% or 141,793 shares in its portfolio. Schwab Charles Investment holds 543,856 shares or 0.01% of its portfolio.

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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