Dynegy (DYN) Stock Rating Upgraded by TheStreet

Dynegy (NYSE:DYN) was upgraded by research analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued to investors on Friday.

Several other equities analysts also recently commented on DYN. Royal Bank of Canada reiterated a “hold” rating and set a $8.00 price target on shares of Dynegy in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Dynegy from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. SunTrust Banks reiterated a “buy” rating on shares of Dynegy in a report on Friday, October 13th. Deutsche Bank downgraded shares of Dynegy from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Bank of America started coverage on shares of Dynegy in a report on Tuesday, October 24th. They set a “buy” rating and a $11.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Dynegy has an average rating of “Hold” and a consensus price target of $12.34.

Dynegy (DYN) opened at $11.55 on Friday. The company has a market cap of $1,725.55, a PE ratio of -22.21 and a beta of 1.90. Dynegy has a fifty-two week low of $5.84 and a fifty-two week high of $12.84. 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 (NYSE:DYN) last issued its quarterly 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 net margin of 0.22% and a negative return on equity of 17.98%.

In other Dynegy news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of the company’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 sale was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in DYN. Energy Capital Partners III LLC purchased a new stake in shares of Dynegy in the 4th quarter worth approximately $49,322,000. Carlson Capital L P lifted its position in shares of Dynegy by 122.4% in the 4th quarter. Carlson Capital L P now owns 9,396,360 shares of the utilities provider’s stock worth $125,911,000 after purchasing an additional 5,171,432 shares during the period. Solus Alternative Asset Management LP purchased a new stake in shares of Dynegy in the 2nd quarter worth approximately $24,997,000. Lasry Marc lifted its position in shares of Dynegy by 85.1% in the 1st quarter. Lasry Marc now owns 6,078,318 shares of the utilities provider’s stock worth $87,346,000 after purchasing an additional 2,794,068 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Dynegy by 96.3% in the 4th quarter. Millennium Management LLC now owns 5,410,547 shares of the utilities provider’s stock worth $72,501,000 after purchasing an additional 2,653,595 shares during the period.

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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.

Analyst Recommendations for Dynegy (NYSE:DYN)

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