Dynegy (DYN) Stock Rating Upgraded by Zacks Investment Research

Dynegy (NYSE:DYN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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 a number of other reports. Bank of America initiated coverage on Dynegy in a research note on Tuesday, October 24th. They set a “buy” rating and a $11.00 price target for the company. Deutsche Bank lowered Dynegy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a “buy” rating on shares of Dynegy in a research note on Friday, October 13th. Guggenheim reaffirmed a “buy” rating and set a $18.00 price target (up from $14.00) on shares of Dynegy in a research note on Monday, August 21st. Finally, Citigroup set a $12.00 price target on Dynegy and gave the company a “buy” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Dynegy presently has a consensus rating of “Hold” and a consensus price target of $12.34.

Shares of Dynegy (NYSE DYN) traded down $0.20 during midday trading on Friday, reaching $11.93. The company’s stock had a trading volume of 7,793,256 shares, compared to its average volume of 4,208,450. The company has a debt-to-equity ratio of 5.46, a current ratio of 1.97 and a quick ratio of 1.47. Dynegy has a 52-week low of $5.84 and a 52-week high of $12.84.

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Dynegy by 58.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,907,332 shares of the utilities provider’s stock valued at $48,854,000 after acquiring an additional 2,185,292 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Dynegy during the 2nd quarter valued at $9,398,000. Systematic Financial Management LP acquired a new stake in shares of Dynegy during the 2nd quarter valued at $3,604,000. Neuberger Berman Group LLC lifted its position in shares of Dynegy by 62.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,034,191 shares of the utilities provider’s stock valued at $16,823,000 after acquiring an additional 784,221 shares during the last quarter. Finally, Raffles Associates LP lifted its position in shares of Dynegy by 71.4% during the 2nd quarter. Raffles Associates LP now owns 240,000 shares of the utilities provider’s stock valued at $1,985,000 after acquiring an additional 100,000 shares during the last quarter.

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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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