Dynegy Inc. (NYSE:DYN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

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

Shares of Dynegy (DYN) traded down 0.64% during midday trading on Tuesday, hitting $9.38. The stock had a trading volume of 2,751,859 shares. The firm’s market cap is $1.23 billion. Dynegy has a 12-month low of $5.84 and a 12-month high of $13.59. The company’s 50-day moving average price is $9.48 and its 200-day moving average price is $8.29.

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

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A number of institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. increased its position in Dynegy by 11.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,302 shares of the utilities provider’s stock worth $135,000 after buying an additional 1,643 shares during the last quarter. Legal & General Group Plc increased its position in Dynegy by 1.4% during the first quarter. Legal & General Group Plc now owns 185,400 shares of the utilities provider’s stock worth $1,453,000 after buying an additional 2,527 shares during the last quarter. Profund Advisors LLC increased its position in Dynegy by 20.2% during the second quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock worth $131,000 after buying an additional 2,655 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in Dynegy by 3.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 84,419 shares of the utilities provider’s stock worth $664,000 after buying an additional 2,712 shares during the last quarter. Finally, American International Group Inc. increased its position in Dynegy by 7.1% during the first quarter. American International Group Inc. now owns 71,987 shares of the utilities provider’s stock worth $566,000 after buying an additional 4,760 shares during the last quarter.

About Dynegy

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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