ValuEngine Lowers Dynegy (DYN) to Sell

ValuEngine downgraded shares of Dynegy (NYSE:DYN) from a hold rating to a sell rating in a report issued on Friday morning.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada reaffirmed a hold rating and set a $8.00 price target on shares of Dynegy in a report on Monday, September 4th. SunTrust Banks cut Dynegy from a buy rating to a hold rating in a research note on Friday, October 27th. Zacks Investment Research cut Dynegy from a hold rating to a sell rating in a research note on Tuesday, October 10th. BidaskClub raised Dynegy from a sell rating to a hold rating in a research note on Thursday, August 3rd. Finally, Deutsche Bank cut Dynegy from a hold rating to a sell rating in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Dynegy currently has a consensus rating of Hold and an average price target of $12.34.

Dynegy (NYSE DYN) traded down $0.20 during mid-day trading on Friday, reaching $11.93. The company had a trading volume of 7,793,400 shares, compared to its average volume of 4,208,451. Dynegy has a 12-month low of $5.84 and a 12-month high of $12.84. The company has a quick ratio of 1.47, a current ratio of 1.97 and a debt-to-equity ratio of 5.46.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Dynegy by 58.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,907,332 shares of the utilities provider’s stock valued at $48,854,000 after buying an additional 2,185,292 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Dynegy in the 2nd quarter worth $9,398,000. Systematic Financial Management LP bought a new position in shares of Dynegy in the 2nd quarter worth $3,604,000. Neuberger Berman Group LLC boosted its position in shares of Dynegy by 62.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,034,191 shares of the utilities provider’s stock worth $16,823,000 after purchasing an additional 784,221 shares during the last quarter. Finally, Raffles Associates LP boosted its position in shares of Dynegy by 71.4% in the 2nd quarter. Raffles Associates LP now owns 240,000 shares of the utilities provider’s stock worth $1,985,000 after purchasing an additional 100,000 shares during the last quarter.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Dynegy (NYSE:DYN)

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