Dynegy Inc. (NYSE:DYN) dropped 4.5% on Friday . The company traded as low as $11.96 and last traded at $11.96, with a volume of 1,332,095 shares traded. The stock had previously closed at $12.53.

DYN has been the subject of a number of analyst reports. SunTrust Banks Inc. upgraded Dynegy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $20.00 in a research note on Wednesday, June 29th. They noted that the move was a valuation call. Deutsche Bank AG reduced their target price on Dynegy from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, August 5th. Citigroup Inc. raised Dynegy from a “neutral” rating to a “buy” rating and reduced 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. Finally, Zacks Investment Research raised Dynegy from a “sell” rating to a “hold” rating in a research report on Friday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $28.54.

The firm’s 50-day moving average price is $15.48 and its 200 day moving average price is $15.06. The stock’s market cap is $1.42 billion.

Dynegy (NYSE:DYN) last released its earnings results on Wednesday, August 3rd. The company reported ($6.73) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.50) by $6.23. On average, equities research analysts anticipate that Dynegy Inc. will post ($2.01) EPS for the current fiscal year.

An institutional investor recently raised its position in Dynegy stock. BlackRock Advisors LLC increased its position in shares of Dynegy Inc. (NYSE:DYN) by 59.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,313,819 shares of the company’s stock after buying an additional 1,232,572 shares during the period. BlackRock Advisors LLC owned 2.75% of Dynegy worth $44,405,000 as of its most recent SEC filing.

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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