Zacks Investment Research upgraded shares of Dynegy (NYSE:DYN) from a sell rating to a hold rating in a report issued 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 research firms have also recently issued reports on DYN. Royal Bank Of Canada reissued a hold rating and issued a $12.10 price target on shares of Dynegy in a research note on Thursday, November 2nd. Deutsche Bank raised shares of Dynegy from a sell rating to a hold rating and set a $13.00 price target on the stock in a research note on Tuesday, October 31st. Citigroup set a $12.00 target price on shares of Dynegy and gave the stock a buy rating in a research note on Monday, October 30th. SunTrust Banks cut shares of Dynegy from a buy rating to a hold rating in a research note on Friday, October 27th. Finally, Morgan Stanley set a $15.00 target price on shares of Dynegy and gave the stock a buy rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Dynegy currently has an average rating of Hold and an average target price of $12.34.

Shares of Dynegy (NYSE:DYN) opened at $11.78 on Friday. Dynegy has a one year low of $5.84 and a one year 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.

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Dynegy by 58.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,907,332 shares of the utilities provider’s stock worth $48,854,000 after purchasing an additional 2,185,292 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Dynegy during the 2nd quarter valued at about $9,398,000. Systematic Financial Management LP acquired a new position in shares of Dynegy during the 2nd quarter valued at about $3,604,000. Neuberger Berman Group LLC boosted its position in shares of Dynegy by 62.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,034,191 shares of the utilities provider’s stock valued at $16,823,000 after acquiring an additional 784,221 shares during the last quarter. Finally, Raffles Associates LP boosted its position in shares of Dynegy by 71.4% during the 2nd quarter. Raffles Associates LP now owns 240,000 shares of the utilities provider’s stock valued at $1,985,000 after acquiring an additional 100,000 shares during the last quarter.

TRADEMARK VIOLATION WARNING: This report was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://theolympiareport.com/2017/12/05/dynegy-dyn-lifted-to-hold-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Dynegy (DYN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Dynegy (NYSE:DYN)

Receive News & Ratings for Dynegy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynegy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.