Dynegy (DYN) Downgraded to Sell at ValuEngine
ValuEngine lowered shares of Dynegy (NYSE:DYN) from a hold rating to a sell rating in a report released on Friday morning.
DYN has been the topic of a number of other reports. Morgan Stanley set a $15.00 price target on shares of Dynegy and gave the stock a buy rating in a research report on Thursday, October 26th. Deutsche Bank reduced their price target on shares of Dynegy from $11.00 to $10.00 and set a hold rating on the stock in a research report on Monday, August 7th. Guggenheim reissued a buy rating and set a $18.00 price target (up from $14.00) on shares of Dynegy in a research report on Monday, August 21st. BidaskClub raised shares of Dynegy from a sell rating to a hold rating in a research report on Saturday, August 19th. Finally, Royal Bank Of Canada reissued a hold rating and set a $8.00 price target on shares of Dynegy in a research report on Tuesday, October 10th. Two equities 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 company has a consensus rating of Hold and an average price target of $12.34.
Dynegy (DYN) opened at $11.78 on Friday. Dynegy has a 52-week low of $5.84 and a 52-week high of $12.84. The company has a current ratio of 1.97, a quick ratio of 1.47 and a debt-to-equity ratio of 5.46.
Several hedge funds and other institutional investors have recently made changes to their positions in DYN. QCM Cayman Ltd. acquired a new stake in shares of Dynegy during the second quarter worth $100,000. Integral Derivatives LLC acquired a new stake in shares of Dynegy during the second quarter worth $102,000. Profund Advisors LLC raised its holdings in shares of Dynegy by 20.2% during the second 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. Oppenheimer Asset Management Inc. raised its holdings in shares of Dynegy by 11.2% during the second 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. Finally, Parametrica Management Ltd acquired a new stake in shares of Dynegy during the third quarter worth $150,000.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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