Dynegy Inc. (NYSE:DYN) was down 5.7% on Thursday . The stock traded as low as $11.19 and last traded at $11.19. Approximately 3,372,328 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 3,249,505 shares. The stock had previously closed at $11.87.

Several equities research analysts have recently weighed in on DYN shares. SunTrust Banks lowered Dynegy from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Deutsche Bank lowered Dynegy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Citigroup set a $12.00 price objective on Dynegy and gave the company a “buy” rating in a research note on Monday, October 30th. Royal Bank of Canada reiterated a “hold” rating and issued a $12.10 price objective on shares of Dynegy in a research note on Thursday, November 2nd. Finally, Bank of America started coverage on Dynegy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $11.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $13.01.

The stock has a market capitalization of $1,710.00, a PE ratio of -48.65 and a beta of 1.90. The company has a quick ratio of 1.47, a current ratio of 1.97 and a debt-to-equity ratio of 5.46.

In related news, major shareholder Ecp Controlco, Llc sold 5,250,000 shares of the stock in a transaction that occurred on 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 document filed with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DYN. Profund Advisors LLC grew its position in Dynegy by 20.2% during the 2nd quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock worth $131,000 after acquiring an additional 2,655 shares during the last quarter. Parametrica Management Ltd acquired a new position in Dynegy during the 3rd quarter worth $150,000. Mizuho Securities USA LLC acquired a new position in Dynegy during the 3rd quarter worth $152,000. KBC Group NV acquired a new position in Dynegy during the 3rd quarter worth $158,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Dynegy during the 3rd quarter worth $187,000.

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About Dynegy

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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