Dynegy (NYSE:DYN) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.

Other analysts also recently issued research reports about the company. Morgan Stanley set a $15.00 target price on Dynegy and gave the company a “buy” rating in a research note on Thursday, October 26th. Bank of America started coverage on Dynegy in a research note on Tuesday, October 24th. They set a “buy” rating and a $11.00 target price for the company. Citigroup set a $12.00 target price on Dynegy and gave the company a “buy” rating in a research note on Monday, October 30th. SunTrust Banks restated a “buy” rating on shares of Dynegy in a research note on Friday, October 13th. Finally, Guggenheim restated a “buy” rating and set a $18.00 target price (up previously from $14.00) on shares of Dynegy in a research note on Monday, August 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $12.34.

Shares of Dynegy (DYN) opened at $11.93 on Friday. Dynegy has a 52 week low of $5.84 and a 52 week high of $12.84. The company has a debt-to-equity ratio of 5.46, a current ratio of 1.97 and a quick ratio of 1.47.

Several hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its position in shares of 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 period. Legal & General Group Plc lifted its position in shares of Dynegy by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 187,960 shares of the utilities provider’s stock worth $1,556,000 after acquiring an additional 2,560 shares during the period. Profund Advisors LLC lifted its position in shares of 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 period. Metropolitan Life Insurance Co. NY lifted its position in shares of Dynegy by 3.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 84,419 shares of the utilities provider’s stock worth $664,000 after acquiring an additional 2,712 shares during the period. Finally, Voya Investment Management LLC lifted its position in shares of Dynegy by 10.0% in the 2nd quarter. Voya Investment Management LLC now owns 53,376 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 4,833 shares during the period.

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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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