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

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 also recently commented on DYN. Citigroup Inc. downgraded Dynegy from a buy rating to a neutral rating and raised their price objective for the stock from $20.00 to $21.00 in a research note on Friday, June 10th. Deutsche Bank AG reaffirmed a buy rating and set a $21.00 price objective on shares of Dynegy in a research note on Friday, June 17th. Royal Bank Of Canada reaffirmed a buy rating on shares of Dynegy in a research note on Friday, June 17th. SunTrust Banks Inc. raised Dynegy from a neutral rating to a buy rating and raised their price objective for the stock from $18.00 to $20.00 in a research note on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Wolfe Research downgraded Dynegy from an outperform rating to a market perform rating in a research note on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Dynegy currently has a consensus rating of Buy and a consensus target price of $27.80.

Shares of Dynegy (NYSE:DYN) opened at 12.54 on Monday. The stock’s 50 day moving average price is $13.00 and its 200 day moving average price is $15.57. The company’s market cap is $1.47 billion. Dynegy has a 1-year low of $7.20 and a 1-year high of $24.25.

Dynegy (NYSE:DYN) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($6.73) earnings per share for the quarter, missing the Zacks’ 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 forecast that Dynegy will post ($1.79) earnings per share for the current year.

Several institutional investors have recently made changes to their positions in DYN. Lasry Marc boosted its position in shares of Dynegy by 85.1% in the first quarter. Lasry Marc now owns 6,078,318 shares of the company’s stock valued at $87,346,000 after buying an additional 2,794,068 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Dynegy by 153.0% in the second quarter. TIAA CREF Investment Management LLC now owns 2,867,228 shares of the company’s stock valued at $49,431,000 after buying an additional 1,734,159 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of Dynegy by 140.8% in the second quarter. Teachers Advisors Inc. now owns 2,639,944 shares of the company’s stock valued at $45,513,000 after buying an additional 1,543,733 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Dynegy by 89.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,107,087 shares of the company’s stock valued at $53,565,000 after buying an additional 1,462,853 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Dynegy by 184.3% in the second quarter. Point72 Asset Management L.P. now owns 1,686,600 shares of the company’s stock valued at $29,077,000 after buying an additional 1,093,300 shares during the last quarter.

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.

5 Day Chart for NYSE:DYN

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