Zacks Investment Research upgraded shares of Dynegy Inc. (NYSE:DYN) from a sell rating to a hold rating in a report released on Tuesday 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 equities analysts have also recently issued reports on the stock. Royal Bank Of Canada cut shares of Dynegy from an outperform rating to a sector perform rating and decreased their target price for the company from $22.00 to $15.00 in a research note on Thursday, October 20th. RBC Capital Markets cut shares of Dynegy from an outperform rating to a sector perform rating and reduced their price objective for the stock from $22.00 to $15.00 in a research report on Thursday, October 20th. Wolfe Research cut shares of Dynegy from an outperform rating to a market perform rating in a research report on Tuesday, September 13th. Deutsche Bank AG reaffirmed a buy rating and set a $35.00 target price on shares of Dynegy in a report on Thursday, August 25th. Finally, SunTrust Banks Inc. dropped their target price on shares of Dynegy from $20.00 to $19.00 and set a buy rating for the company in a report on Wednesday, August 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Dynegy has an average rating of Hold and a consensus price target of $21.29.

Shares of Dynegy (NYSE:DYN) traded down 0.44% during trading on Tuesday, hitting $8.97. 1,241,200 shares of the company’s stock were exchanged. Dynegy has a 12-month low of $7.01 and a 12-month high of $22.01. The company’s market cap is $1.05 billion. The company has a 50-day moving average of $11.42 and a 200-day moving average of $14.84.

In other Dynegy news, insider Robert C. Flexon purchased 12,500 shares of Dynegy stock in a transaction dated Friday, November 4th. The shares were acquired at an average price of $8.21 per share, with a total value of $102,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of DYN. Penn Capital Management Co. Inc. purchased a new stake in shares of Dynegy during the third quarter valued at $8,422,000. Picton Mahoney Asset Management boosted its stake in shares of Dynegy by 49.6% in the third quarter. Picton Mahoney Asset Management now owns 481,500 shares of the company’s stock valued at $5,966,000 after buying an additional 159,700 shares during the period. Raffles Associates LP boosted its stake in shares of Dynegy by 15.0% in the third quarter. Raffles Associates LP now owns 115,000 shares of the company’s stock valued at $1,425,000 after buying an additional 15,000 shares during the period. Panagora Asset Management Inc. purchased a new stake in shares of Dynegy during the third quarter valued at $180,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Dynegy during the third quarter valued at $988,000.

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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