Energy Capital Partners is Buying Dynegy Inc. (NYSE:DYN) Shares

0
537

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Dynegy Inc. (NYSE:DYN) reported that Energy Capital Partners Iii, Llc. has picked up 19,541,152 of common stock as of 2017-02-17.

The acquisition brings the aggregate amount owned by Energy Capital Partners Iii, Llc. to a total of 19,541,152 representing a 14.9% stake in the company.

For those not familiar with the company, Dynegy Inc. is an electric company based in Houston, Texas, in the United States. It owns and operates a number of power stations in the U.S., all of which are natural gas-fueled or coal-fueled. The company is located at 601 Travis Street in Downtown Houston.[5] The company was founded in 1984 as Natural Gas Clearinghouse. It was originally an energy brokerage, buying and selling natural gas supplies. It changed its name to NGC Corporation in 1995 after entering the electrical power generation business.

A glance at Dynegy Inc. (NYSE:DYN)’s key stats reveals a current market capitalization of 1.08 billion based on 117.29 million shares outstanding and a price at last close of $9.04 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-05-03, Flexon picked up 12,500 at a purchase price of $8.21. This brings their total holding to 429,462 as of the date of the filing.

On the sell side, the most recent transaction saw Franklin unload 250,000 shares at a sale price of $32.28. This brings their total holding to 8,927,023.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Dynegy Inc. (NYSE:DYN) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.