Dynegy (NYSE:DYN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.
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. “
DYN has been the subject of several other research reports. Bank of America initiated coverage on shares of Dynegy in a report on Tuesday, October 24th. They set a “buy” rating and a $11.00 target price for the company. Deutsche Bank downgraded shares of Dynegy from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. SunTrust Banks reaffirmed a “buy” rating on shares of Dynegy in a report on Friday, October 13th. ValuEngine downgraded shares of Dynegy from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $12.10 target price on shares of Dynegy in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $13.01.
Shares of Dynegy (DYN) traded down $0.21 during mid-day trading on Monday, hitting $12.38. 2,210,000 shares of the company traded hands, compared to its average volume of 3,970,000. The company has a market cap of $1,820.00, a P/E ratio of -53.83 and a beta of 1.90. The company has a quick ratio of 1.47, a current ratio of 1.97 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 (NYSE:DYN) last announced its earnings results on Wednesday, November 1st. The utilities provider reported ($0.51) EPS for the quarter, missing the consensus estimate of $0.60 by ($1.11). Dynegy had a negative return on equity of 17.98% and a negative net margin of 0.22%. equities research analysts anticipate that Dynegy will post 1.33 earnings per share for the current fiscal year.
In other Dynegy news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $11.79, for a total value of $61,897,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. QCM Cayman Ltd. bought a new stake in Dynegy in the 2nd quarter valued at about $100,000. Integral Derivatives LLC bought a new stake in Dynegy in the 2nd quarter valued at about $102,000. Profund Advisors LLC boosted its holdings in Dynegy by 20.2% in the 2nd quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 2,655 shares during the period. Parametrica Management Ltd bought a new stake in Dynegy in the 3rd quarter valued at about $150,000. Finally, Mizuho Securities USA LLC bought a new stake in Dynegy in the 3rd quarter valued at about $152,000.
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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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