Dynegy (DYN) Upgraded at Zacks Investment Research

Dynegy (NYSE:DYN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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. “

A number of other equities analysts also recently commented on the company. SunTrust Banks set a $13.00 price objective on Dynegy and gave the stock a “hold” rating in a report on Monday. TheStreet upgraded Dynegy from a “d+” rating to a “c-” rating in a report on Friday, January 12th. ValuEngine downgraded Dynegy from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Royal Bank of Canada restated a “hold” rating and issued a $12.10 price objective on shares of Dynegy in a report on Thursday, November 2nd. Finally, Deutsche Bank upgraded Dynegy from a “sell” rating to a “hold” rating and set a $13.00 price objective on the stock in a report on Tuesday, October 31st. One investment 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. The company has an average rating of “Hold” and an average target price of $13.01.

Dynegy (DYN) traded down $0.21 during trading on Monday, hitting $12.38. The stock had a trading volume of 2,214,521 shares, compared to its average volume of 3,970,000. The stock 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 current ratio of 1.97, a quick ratio of 1.47 and a debt-to-equity ratio of 5.46. Dynegy has a 52 week low of $5.84 and a 52 week high of $12.84.

Dynegy (NYSE:DYN) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($1.11). Dynegy had a negative return on equity of 17.98% and a negative net margin of 0.22%. analysts expect that Dynegy will post 1.33 EPS for the current fiscal year.

In related news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $11.79, for a total transaction of $61,897,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Several large investors have recently made changes to their positions in DYN. QCM Cayman Ltd. purchased a new stake in shares of Dynegy during the 2nd quarter valued at about $100,000. Integral Derivatives LLC purchased a new stake in shares of Dynegy during the 2nd quarter valued at about $102,000. Profund Advisors LLC raised its holdings in shares of 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. Parametrica Management Ltd purchased a new stake in shares of Dynegy during the 3rd quarter valued at about $150,000. Finally, Mizuho Securities USA LLC purchased a new stake in shares of Dynegy during the 3rd quarter valued at about $152,000.

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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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