Shares of Dynegy Inc. (NYSE:DYN) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $12.34.
DYN has been the topic of several recent analyst reports. SunTrust Banks cut shares of Dynegy from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of Dynegy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Deutsche Bank cut shares of Dynegy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Citigroup set a $12.00 price objective on shares of Dynegy and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $12.10 price objective on shares of Dynegy in a research report on Thursday, November 2nd.
In other news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of Dynegy stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $11.79, for a total transaction of $61,897,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. QCM Cayman Ltd. bought a new stake in Dynegy in the second quarter worth $100,000. Integral Derivatives LLC bought a new stake in Dynegy in the second quarter worth $102,000. Profund Advisors LLC increased 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 last quarter. Oppenheimer Asset Management Inc. increased 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 last quarter. Finally, Parametrica Management Ltd bought a new stake in Dynegy in the third quarter worth $150,000.
Dynegy (DYN) opened at $11.91 on Friday. The firm has a market cap of $1,700.00, a P/E ratio of -51.78 and a beta of 1.90. The company has a current ratio of 1.97, a quick ratio of 1.47 and a debt-to-equity ratio of 5.46. Dynegy has a 1-year low of $5.84 and a 1-year high of $12.84.
Dynegy Company Profile
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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