Dynegy Inc. (DYN) Given Consensus Recommendation of “Hold” by Analysts

Dynegy Inc. (NYSE:DYN) has been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.01.

A number of research analysts have issued reports on the stock. Morgan Stanley set a $15.00 price target on shares of Dynegy and gave the company a “buy” rating in a research note on Thursday, October 26th. Royal Bank of Canada restated a “hold” rating and set a $8.00 price target on shares of Dynegy in a research note on Tuesday, October 10th. Deutsche Bank upgraded shares of Dynegy from a “sell” rating to a “hold” rating and set a $13.00 price target on the stock in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Dynegy from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, ValuEngine lowered shares of Dynegy from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.

Dynegy (DYN) opened at $11.86 on Tuesday. The company has a debt-to-equity ratio of 5.46, a quick ratio of 1.47 and a current ratio of 1.97. Dynegy has a 52 week low of $5.84 and a 52 week high of $12.84. The stock has a market cap of $1,780.00, a P/E ratio of -51.57 and a beta of 1.90.

In other news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $11.79, for a total value of $61,897,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Dynegy by 7.7% in the second quarter. Vanguard Group Inc. now owns 9,864,122 shares of the utilities provider’s stock worth $81,577,000 after acquiring an additional 702,231 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Dynegy by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,057,590 shares of the utilities provider’s stock worth $59,303,000 after acquiring an additional 150,258 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Dynegy by 6.9% in the third quarter. Point72 Asset Management L.P. now owns 4,865,431 shares of the utilities provider’s stock worth $47,633,000 after acquiring an additional 311,931 shares during the period. State Street Corp increased its stake in shares of Dynegy by 6.4% in the second quarter. State Street Corp now owns 2,405,493 shares of the utilities provider’s stock worth $19,895,000 after acquiring an additional 145,268 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of Dynegy by 9.2% in the third quarter. Neuberger Berman Group LLC now owns 2,221,544 shares of the utilities provider’s stock worth $21,749,000 after acquiring an additional 187,353 shares during the period.

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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.

Analyst Recommendations for Dynegy (NYSE:DYN)

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