Traders Purchase High Volume of Call Options on Dynegy (DYN)

Dynegy Inc. (NYSE:DYN) was the recipient of some unusual options trading on Friday. Investors purchased 2,454 call options on the company. This represents an increase of approximately 1,980% compared to the average daily volume of 118 call options.

In other Dynegy news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of the company’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. QCM Cayman Ltd. bought a new position in shares of Dynegy during the 2nd quarter worth $100,000. Integral Derivatives LLC bought a new position in shares of Dynegy during the 2nd quarter worth $102,000. Parametrica Management Ltd bought a new position in shares of Dynegy during the 3rd quarter worth $150,000. Mizuho Securities USA LLC bought a new position in shares of Dynegy during the 3rd quarter worth $152,000. Finally, Profund Advisors LLC grew its stake 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 worth $131,000 after acquiring an additional 2,655 shares during the period.

Dynegy (DYN) opened at $12.59 on Monday. The company has a debt-to-equity ratio of 5.46, a quick ratio of 1.47 and a current ratio of 1.97. The firm has a market capitalization of $1,820.00, a price-to-earnings ratio of -54.74 and a beta of 1.90. Dynegy has a 12 month low of $5.84 and a 12 month high of $12.84.

Dynegy (NYSE:DYN) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported ($0.51) earnings per share for the quarter, missing the consensus estimate of $0.60 by ($1.11). Dynegy had a negative return on equity of 17.98% and a negative net margin of 0.22%. research analysts forecast that Dynegy will post 1.33 earnings per share for the current fiscal year.

A number of research analysts have issued reports on DYN shares. SunTrust Banks downgraded Dynegy from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded Dynegy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Deutsche Bank downgraded Dynegy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Citigroup set a $12.00 price objective on Dynegy and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $12.10 price objective on shares of Dynegy in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Dynegy presently has a consensus rating of “Hold” and an average target price of $13.01.

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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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