SunTrust Banks, Inc. downgraded shares of Dynegy Inc. (NYSE:DYN) from a buy rating to a hold rating in a report released on Friday, October 27th, Marketbeat reports.
A number of other equities research analysts have also issued reports on DYN. BidaskClub raised shares of Dynegy from a sell rating to a hold rating in a research note on Saturday, August 19th. Guggenheim restated a buy rating and set a $18.00 price target (up previously from $14.00) on shares of Dynegy in a report on Monday, August 21st. Morgan Stanley set a $15.00 price target on shares of Dynegy and gave the company a buy rating in a report on Thursday, October 26th. Bank of America Corporation assumed coverage on shares of Dynegy in a report on Tuesday, October 24th. They set a buy rating and a $11.00 price target on the stock. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $8.00 target price on shares of Dynegy in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Dynegy presently has a consensus rating of Hold and an average price target of $12.34.
Shares of Dynegy (NYSE DYN) traded up $0.27 during trading hours on Friday, hitting $12.03. 6,854,900 shares of the company’s stock were exchanged, compared to its average volume of 4,061,809. Dynegy has a 52 week low of $5.84 and a 52 week high of $12.84. The company has a debt-to-equity ratio of 5.46, a current ratio of 1.97 and a quick ratio of 1.47.
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Several hedge funds and other institutional investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. raised its stake in shares of 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 acquiring an additional 1,643 shares during the last quarter. Legal & General Group Plc raised its stake in shares of 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 acquiring an additional 2,527 shares during the last quarter. Profund Advisors LLC raised its stake in shares of 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 acquiring an additional 2,655 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of 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 acquiring an additional 2,712 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of 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 acquiring an additional 4,760 shares during the last quarter.
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.
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