Dynegy (NYSE:DYN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

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. “

A number of other analysts have also issued reports on DYN. BidaskClub upgraded Dynegy from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Deutsche Bank decreased their price objective on Dynegy from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Monday, August 7th. Guggenheim reiterated a “buy” rating and set a $18.00 price objective (up from $14.00) on shares of Dynegy in a research note on Monday, August 21st. Royal Bank Of Canada reiterated a “hold” rating and set a $8.00 price objective on shares of Dynegy in a research note on Monday, September 4th. Finally, SunTrust Banks reiterated a “buy” rating on shares of Dynegy in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.34.

Shares of Dynegy (NYSE:DYN) traded down $0.20 during midday trading on Friday, hitting $11.93. The stock had a trading volume of 7,793,256 shares, compared to its average volume of 4,208,450. 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 1 year low of $5.84 and a 1 year high of $12.84.

A number of hedge funds and other institutional investors have recently made changes to their positions in DYN. QCM Cayman Ltd. bought a new position in Dynegy in the 2nd quarter worth about $100,000. Integral Derivatives LLC bought a new position in Dynegy in the 2nd quarter worth about $102,000. Profund Advisors LLC increased its stake in Dynegy by 20.2% in the 2nd quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock worth $131,000 after acquiring an additional 2,655 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Dynegy by 11.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,302 shares of the utilities provider’s stock worth $135,000 after acquiring an additional 1,643 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in Dynegy in the 3rd quarter worth about $150,000.

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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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