Dynegy Inc. (NYSE:DYN) shares were down 3.8% during trading on Wednesday . The stock traded as low as $16.00 and last traded at $16.04, with a volume of 1,871,872 shares. The stock had previously closed at $16.68.

Several analysts have issued reports on DYN shares. SunTrust Banks Inc. raised Dynegy from a “neutral” rating to a “buy” rating and increased their target price for the company from $18.00 to $20.00 in a research report on Wednesday, June 29th. They noted that the move was a valuation call. Citigroup Inc. raised Dynegy from a “neutral” rating to a “buy” rating and dropped their target price for the company from $21.00 to $19.00 in a research report on Wednesday, June 29th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Dynegy in a research report on Friday, June 17th. Deutsche Bank AG reaffirmed a “buy” rating and set a $21.00 target price on shares of Dynegy in a research report on Friday, June 17th. Finally, Ladenburg Thalmann started coverage on Dynegy in a research report on Friday, April 8th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $28.38.

The stock has a market capitalization of $1.87 billion and a P/E ratio of 10.01. The company has a 50 day moving average price of $17.09 and a 200 day moving average price of $14.84.

Dynegy (NYSE:DYN) last announced its earnings results on Tuesday, May 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.33. The firm earned $1.12 billion during the quarter, compared to analysts’ expectations of $1,000 million. Equities analysts forecast that Dynegy Inc. will post ($1.40) earnings per share for the current year.

Several hedge funds recently bought and sold shares of the company. BlackRock Advisors LLC raised its stake in Dynegy by 59.2% in the fourth quarter. BlackRock Advisors LLC now owns 3,313,819 shares of the company’s stock worth $44,405,000 after buying an additional 1,232,572 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Dynegy by 21.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,345,119 shares of the company’s stock worth $18,020,000 after buying an additional 235,502 shares in the last quarter. Victory Capital Management Inc. raised its stake in Dynegy by 9.4% in the fourth quarter. Victory Capital Management Inc. now owns 778,019 shares of the company’s stock worth $10,425,000 after buying an additional 66,780 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Dynegy by 2.0% in the fourth quarter. Rhumbline Advisers now owns 172,357 shares of the company’s stock worth $2,310,000 after buying an additional 3,415 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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