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 2017-06-02.
The acquisition brings the aggregate amount owned by Energy Capital Partners Iii, Llc. to a total of 19,541,152 representing less than 14.9% stake in the company.
For those not familiar with the company, At Dynegy, we deliver more than just power to residential, municipal, commercial and industrial customers across several states. We are committed to being a leader in the electricity sector. Throughout the Northeast, Mid-Atlantic, Midwest, and Texas, Dynegy operates power generating facilities capable of producing more than 31,000 megawatts of electricity – or enough energy to power the homes of 25 million U.S. families. We’re proud of what we do, but it’s about much more than just output. We’re always striving to generate power safely and responsibly for our wholesale and retail electricity customers who depend on that energy to grow and thrive.
A glance at Dynegy Inc. (NYSE:DYN)’s key stats reveals a current market capitalization of 1.10 Billion based on 131.35 Million shares outstanding and a price at last close of $8.45 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-24, Flexon picked up 15,000 at a purchase price of $7.16. This brings their total holding to 720,506 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.
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