An issue of Dynegy Inc. (NYSE:DYN) debt fell 3.1% as a percentage of its face value during trading on Monday. The high-yield issue of debt has a 7.625% coupon and will mature on November 1, 2024. The bonds in the issue are now trading at $91.25 and were trading at $93.00 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its share price.

DYN has been the subject of several analyst reports. Deutsche Bank AG dropped their target price on Dynegy from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, August 5th. SunTrust Banks Inc. lowered their price target on Dynegy from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, August 24th. Wolfe Research downgraded Dynegy from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 13th. Zacks Investment Research downgraded Dynegy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Finally, RBC Capital Markets downgraded Dynegy from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $22.00 to $15.00 in a research report on Thursday, October 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Dynegy has a consensus rating of “Hold” and a consensus target price of $21.29.

Shares of Dynegy Inc. (NYSE:DYN) opened at 8.83 on Wednesday. The stock’s market cap is $1.04 billion. Dynegy Inc. has a 12 month low of $7.01 and a 12 month high of $22.01. The stock has a 50 day moving average price of $10.74 and a 200 day moving average price of $14.37.

In related news, insider Robert C. Flexon acquired 12,500 shares of the firm’s stock in a transaction on Friday, November 4th. The shares were bought at an average cost of $8.21 per share, with a total value of $102,625.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DYN. Renaissance Technologies LLC increased its stake in Dynegy by 237.6% in the first quarter. Renaissance Technologies LLC now owns 1,459,300 shares of the company’s stock worth $20,970,000 after buying an additional 1,027,000 shares during the last quarter. Nordea Investment Management AB increased its stake in Dynegy by 43.6% in the second quarter. Nordea Investment Management AB now owns 77,400 shares of the company’s stock worth $1,334,000 after buying an additional 23,500 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Dynegy by 89.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,107,087 shares of the company’s stock worth $53,565,000 after buying an additional 1,462,853 shares during the last quarter. ClariVest Asset Management LLC increased its stake in Dynegy by 43.6% in the second quarter. ClariVest Asset Management LLC now owns 77,427 shares of the company’s stock worth $1,335,000 after buying an additional 23,527 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Dynegy by 26.2% in the second quarter. Teacher Retirement System of Texas now owns 13,773 shares of the company’s stock worth $237,000 after buying an additional 2,858 shares during the last quarter.

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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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