Dynegy Inc. (NYSE:DYN) was the target of unusually large options trading on Tuesday. Stock traders purchased 1,670 put options on the stock. This is an increase of 1,119% compared to the average daily volume of 137 put options.

In other news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $11.79, for a total transaction of $61,897,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DYN. Schwab Charles Investment Management Inc. boosted its position in shares of Dynegy by 30.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 927,816 shares of the utilities provider’s stock valued at $7,674,000 after purchasing an additional 215,124 shares during the period. Legal & General Group Plc boosted 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 valued at $1,556,000 after purchasing an additional 2,560 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Dynegy by 384.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 22,160 shares of the utilities provider’s stock valued at $181,000 after purchasing an additional 17,587 shares during the period. Swiss National Bank boosted its position in shares of Dynegy by 25.9% in the 2nd quarter. Swiss National Bank now owns 207,350 shares of the utilities provider’s stock valued at $1,715,000 after purchasing an additional 42,600 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted 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 valued at $135,000 after purchasing an additional 1,643 shares during the period.

Shares of Dynegy (NYSE:DYN) opened at $11.91 on Friday. The stock has a market capitalization of $1,700.00, a PE ratio of -51.78 and a beta of 1.90. The company has a debt-to-equity ratio of 5.46, a current ratio of 1.97 and a quick ratio of 1.47. Dynegy has a 1 year low of $5.84 and a 1 year high of $12.84.

Several research firms have recently issued reports on DYN. Zacks Investment Research raised Dynegy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. ValuEngine cut Dynegy from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Royal Bank of Canada reaffirmed a “hold” rating and set a $12.10 price objective on shares of Dynegy in a research report on Thursday, November 2nd. Deutsche Bank raised Dynegy from a “sell” rating to a “hold” rating and set a $13.00 price objective for the company in a research report on Tuesday, October 31st. Finally, Citigroup set a $12.00 price objective on Dynegy and gave the stock a “buy” rating in a research report on Monday, October 30th. 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 stock currently has an average rating of “Hold” and an average price target of $12.34.

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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.

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