Zacks Investment Research Lowers Dynegy Inc. (DYN) to Sell

Zacks Investment Research downgraded shares of Dynegy Inc. (NYSE:DYN) from a hold rating to a sell rating in a report issued on Tuesday morning.

According to Zacks, “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. “

Other research analysts also recently issued reports about the company. BidaskClub upgraded Dynegy from a sell rating to a hold rating in a research report on Tuesday, June 27th. Royal Bank Of Canada reiterated a hold rating and set a $8.00 target price on shares of Dynegy in a research report on Tuesday. Guggenheim reiterated a buy rating and set a $18.00 target price (up from $14.00) on shares of Dynegy in a research report on Monday, August 21st. Deutsche Bank AG lowered their target price on Dynegy from $11.00 to $10.00 and set a hold rating for the company in a research report on Monday, August 7th. Finally, Barclays PLC reiterated a buy rating and set a $13.00 target price on shares of Dynegy in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $11.00.

Dynegy (NYSE:DYN) traded up 0.365% on Tuesday, hitting $9.625. 334,302 shares of the company’s stock traded hands. Dynegy has a 12 month low of $5.84 and a 12 month high of $13.59. The stock’s market cap is $1.26 billion. The stock has a 50 day moving average price of $9.46 and a 200-day moving average price of $8.31.

Dynegy (NYSE:DYN) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.61). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $972.27 million. Dynegy had a negative net margin of 2.72% and a negative return on equity of 12.97%. Equities analysts predict that Dynegy will post ($0.69) earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. QCM Cayman Ltd. purchased a new stake in Dynegy during the 2nd quarter valued at $100,000. Integral Derivatives LLC purchased a new stake in Dynegy during the 2nd quarter valued at $102,000. Oppenheimer Asset Management Inc. purchased a new stake in Dynegy during the 1st quarter valued at $115,000. Profund Advisors LLC raised its holdings in Dynegy by 20.2% during the 2nd quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock valued at $131,000 after buying an additional 2,655 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in Dynegy during the 1st quarter valued at $165,000.

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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