Dynegy Inc (NYSE:DYN) Share Price May Be About to Change Direction; Citigroup Upgrades The Company.

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Dynegy Inc (NYSE:DYN) Stock Upgrade

The previous rating of a “Neutral” for Dynegy Inc (NYSE:DYN) has been discontinued as Citigroup increased DYN’s current rating to a respectable “Buy”.

From a total of 12 analysts covering Dynegy (NYSE:DYN) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $38 while the lowest target price is $11. The mean of all analyst targets is $28 with a 196.07% above today’s ($11.21) stock price. Dynegy was the topic of 16 analyst reports since August 9, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 6 with “Buy” rating. Citigroup initiated DYN stock in a recent report from September 18 with “Neutral” rating.

The stock increased 9.37% or $0.96 during the last trading session, striking $11.21. Approximately 7.41M shares of stock traded hands or 96.03% up from the average. Dynegy Inc. (NYSE:DYN) has declined 69.72% since May 15, 2015 and is downtrending. It has underperformed by 65.91% the S&P500.

The overall sentiment of institutions has decreased to 1.25 in Q2 2015. Its down 0.02, from 1.27 in 2015Q2. The ratio dived, as 41 institutions have sold all the shares of Dynegy Inc. that they owned while 48 funds have taken shares off the table. 17 funds have purchased shares for the first time while 94 added to their positions. These institutions now hold 148.53 million shares or 9.39% more than the 135.78 million shares they owned in 2015Q2.

The Fund Vega Energy Gp Llc currently is holding shares equating to 20.25% of its total portfolio in Dynegy Inc. representing a total of 1.70 million shares. Another fund,Bocage Capital Llc, is holding a total of 1.22 million shares equating to 14.96% of their holdings. Additionally, Venor Capital Management Lp has a 1.65 million share stake in Dynegy Inc. which represents 13.27% of their total portfolio. The Fund, Archer Capital Management L.P., based out of New York, has also built up a stake in the stock, which represents a total of 8% of their total portfolio. Finally Smithwood Advisers L.P., a fund which is based in the state of California reported a total holdings of 1.50 million shares.

According to Zacks Investment Research, “Dynegy Inc. provides wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities and other energy companies in six states in U.S. regions of the Midwest, the Northeast and the West Coast. It operates in three segments: the Coal segment, the Gas Segment and the Dynegy Northeast Segment. Dynegy Inc. is headquartered in Houston, Texas.”

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