Zacks Investment Research lowered shares of Dynegy Inc. (NYSE:DYN) from a hold rating to a sell rating in a report published on Wednesday morning.

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. “

Several other brokerages have also issued reports on DYN. SunTrust Banks Inc. upgraded Dynegy from a neutral rating to a buy rating and lifted their price target for the company from $18.00 to $20.00 in a research note on Wednesday, June 29th. They noted that the move was a valuation call. Wolfe Research downgraded Dynegy from an outperform rating to a market perform rating in a research note on Tuesday, September 13th. Royal Bank Of Canada reissued a buy rating on shares of Dynegy in a research note on Friday, June 17th. Deutsche Bank AG reissued a buy rating and issued a $35.00 price objective on shares of Dynegy in a research note on Thursday, August 25th. Finally, Citigroup Inc. raised Dynegy from a neutral rating to a buy rating and dropped their price objective for the company from $21.00 to $19.00 in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $24.00.

Analyst Recommendations for Dynegy (NYSE:DYN)

Shares of Dynegy (NYSE:DYN) traded down 3.18% on Wednesday, reaching $11.89. The company’s stock had a trading volume of 686,081 shares. Dynegy has a 1-year low of $7.20 and a 1-year high of $23.79. The company’s 50 day moving average is $12.82 and its 200-day moving average is $15.56. The firm’s market cap is $1.39 billion.

Dynegy (NYSE:DYN) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($6.73) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by $6.23. Dynegy had a negative net margin of 22.67% and a negative return on equity of 11.83%. Equities research analysts expect that Dynegy will post ($1.87) EPS for the current year.

Large investors have recently made changes to their positions in the stock. ProShare Advisors LLC increased its stake in shares of Dynegy by 0.7% in the second quarter. ProShare Advisors LLC now owns 17,290 shares of the company’s stock valued at $298,000 after buying an additional 114 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Dynegy by 1.2% in the second quarter. Ameriprise Financial Inc. now owns 10,261 shares of the company’s stock valued at $177,000 after buying an additional 120 shares during the period. BlackRock Inc. increased its stake in shares of Dynegy by 5.2% in the first quarter. BlackRock Inc. now owns 14,088 shares of the company’s stock valued at $203,000 after buying an additional 696 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Dynegy by 14.9% in the second quarter. Public Employees Retirement System of Ohio now owns 7,615 shares of the company’s stock valued at $131,000 after buying an additional 987 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Dynegy by 26.2% in the second quarter. Teacher Retirement System of Texas now owns 13,773 shares of the company’s stock valued at $237,000 after buying an additional 2,858 shares during the period.

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.

5 Day Chart for NYSE:DYN

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