Dynegy Sees Unusually High Options Volume (DYN)

Dynegy Inc. (NYSE:DYN) was the target of some unusual options trading on Friday. Stock investors bought 12,560 call options on the company. This is an increase of approximately 5,853% compared to the average volume of 211 call options.

A number of brokerages have recently commented on DYN. Royal Bank Of Canada reissued a “hold” rating and set a $12.10 price objective on shares of Dynegy in a report on Thursday, November 2nd. Zacks Investment Research raised Dynegy from a “sell” rating to a “hold” rating in a report on Friday, December 1st. ValuEngine lowered Dynegy from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Deutsche Bank raised Dynegy from a “sell” rating to a “hold” rating and set a $13.00 price objective on the stock in a report on Tuesday, October 31st. Finally, Citigroup set a $12.00 price objective on Dynegy and gave the company a “buy” rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.34.

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Dynegy by 58.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,907,332 shares of the utilities provider’s stock valued at $48,854,000 after purchasing an additional 2,185,292 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Dynegy during the 2nd quarter valued at approximately $9,398,000. Systematic Financial Management LP bought a new stake in Dynegy during the 2nd quarter valued at approximately $3,604,000. Neuberger Berman Group LLC boosted its stake in Dynegy by 62.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,034,191 shares of the utilities provider’s stock valued at $16,823,000 after purchasing an additional 784,221 shares during the period. Finally, Raffles Associates LP boosted its stake in Dynegy by 71.4% during the 2nd quarter. Raffles Associates LP now owns 240,000 shares of the utilities provider’s stock valued at $1,985,000 after purchasing an additional 100,000 shares during the period.

Shares of Dynegy (DYN) opened at $11.36 on Wednesday. Dynegy has a 52 week low of $5.84 and a 52 week high of $12.84. The company has a debt-to-equity ratio of 5.46, a current ratio of 1.97 and a quick ratio of 1.47.

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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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