An issue of Dynegy Inc. (NYSE:DYN) debt rose 0.6% against its face value during trading on Monday after Deutsche Bank AG lowered their price target on the stock from $11.00 to $10.00. The debt issue has a 7.375% coupon and will mature on November 1, 2022. The debt is now trading at $102.88 and was trading at $101.25 last week. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

A number of other analysts also recently commented on DYN. BidaskClub downgraded Dynegy from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Barclays PLC restated a “buy” rating and issued a $13.00 target price on shares of Dynegy in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.82.

A number of institutional investors have recently modified their holdings of DYN. Nisa Investment Advisors LLC increased its position in shares of Dynegy by 30.0% in the first quarter. Nisa Investment Advisors LLC now owns 13,000 shares of the utilities provider’s stock worth $102,000 after buying an additional 3,000 shares in the last quarter. Advent Capital Management DE acquired a new position in shares of Dynegy during the first quarter worth about $103,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Dynegy during the first quarter worth about $115,000. Quantum Capital Management acquired a new position in shares of Dynegy during the first quarter worth about $156,000. Finally, Karp Capital Management Corp acquired a new position in shares of Dynegy during the first quarter worth about $165,000.

The stock has a 50-day moving average price of $8.33 and a 200 day moving average price of $8.05. The firm’s market cap is $1.13 billion.

Dynegy (NYSE:DYN) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.83) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.61. Dynegy had a negative net margin of 2.72% and a negative return on equity of 12.78%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $972.27 million. Analysts forecast that Dynegy Inc. will post ($0.63) EPS for the current fiscal year.

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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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