Barclays Reiterates an 'Equalweight' on DPL (DPL); Repurchase Plan Suspended: Revising our Estimates

Barclays reiterates an 'Equalweight' on DPL (NYSE: DPL), PT $30.

Barclays analyst says, "DPL reported Q1 operating EPS of $0.56 v. our $0.65E and compared to $0.61 in Q1 '09: This result excludes a $0.09 charge associated with DPL's debt purchase premium and write-off, $0.05 in tax adjustments and $0.04 in storm costs. DPL announced a suspension of its share repurchase program as a result of the merger agreement announced with AES on April 20, 2011. 2 million shares were repurchased in Q4 '10 at an average price of $25.75; no shares were repurchased in Q1 '11. We are lowering our '11/'12E from $2.50/$2.56 to $2.43/$2.45 to reflect a forecasted higher share count."

For more ratings news on DPL click here and for the rating history of DPL click here.

Shares of DPL closed at $30.29 yesterday.

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