Dynegy (NYSE:DYN) has been assigned a $13.00 price objective by SunTrust Banks in a report issued on Monday. The firm currently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ target price suggests a potential upside of 5.01% from the company’s current price.
Several other equities research analysts have also issued reports on the company. Bank of America began coverage on Dynegy in a research report on Tuesday, October 24th. They set a “buy” rating and a $11.00 target price for the company. Zacks Investment Research lowered Dynegy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Deutsche Bank lowered Dynegy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. ValuEngine lowered Dynegy from a “hold” rating to a “sell” rating in a research 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 research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $13.01.
Dynegy (NYSE DYN) traded down $0.21 during midday trading on Monday, reaching $12.38. The company had a trading volume of 2,214,521 shares, compared to its average volume of 3,108,992. The stock has a market cap of $1,820.00, a price-to-earnings ratio of -53.83 and a beta of 1.90. Dynegy has a twelve month low of $5.84 and a twelve month high of $12.84. The company has a debt-to-equity ratio of 5.46, a current ratio of 1.97 and a quick ratio of 1.47.
In related news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of Dynegy stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $11.79, for a total value of $61,897,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. QCM Cayman Ltd. bought a new position in Dynegy in the 2nd quarter worth about $100,000. Integral Derivatives LLC bought a new position in Dynegy in the 2nd quarter worth about $102,000. Parametrica Management Ltd bought a new position in Dynegy in the 3rd quarter worth about $150,000. Mizuho Securities USA LLC bought a new position in Dynegy in the 3rd quarter worth about $152,000. Finally, Profund Advisors LLC boosted its stake in Dynegy by 20.2% in the 2nd quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 2,655 shares during the period.
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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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