Dynegy Inc. (NYSE:DYN)‘s stock had its “hold” rating reiterated by analysts at Royal Bank Of Canada in a report released on Thursday, November 2nd. They presently have a $12.10 price objective on the utilities provider’s stock. Royal Bank Of Canada’s price target would indicate a potential downside of 0.74% from the company’s previous close.
A number of other research analysts also recently issued reports on DYN. Deutsche Bank AG raised shares of Dynegy from a “sell” rating to a “hold” rating and set a $13.00 price objective for the company in a report on Tuesday, October 31st. Citigroup Inc. set a $12.00 price objective on shares of Dynegy and gave the company a “buy” rating in a report on Monday, October 30th. SunTrust Banks, Inc. cut shares of Dynegy from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. 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. Finally, Zacks Investment Research cut shares of Dynegy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.34.
Dynegy (NYSE DYN) opened at $12.19 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.97 and a debt-to-equity ratio of 5.46. Dynegy has a 1-year low of $5.84 and a 1-year high of $12.84.
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Several hedge funds have recently modified their holdings of DYN. UBS Asset Management Americas Inc. lifted its holdings in shares of Dynegy by 20.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 94,477 shares of the utilities provider’s stock worth $743,000 after acquiring an additional 16,143 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Dynegy in the 1st quarter worth approximately $165,000. American International Group Inc. lifted its holdings in shares of Dynegy by 7.1% in the 1st quarter. American International Group Inc. now owns 71,987 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 4,760 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Dynegy by 5.6% during the 1st quarter. Teachers Advisors LLC now owns 202,992 shares of the utilities provider’s stock worth $1,596,000 after buying an additional 10,805 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Dynegy by 1.4% during the 1st quarter. Legal & General Group Plc now owns 185,400 shares of the utilities provider’s stock worth $1,453,000 after buying an additional 2,527 shares in the last quarter.
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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