Andreas Halvorsen (Trades, Portfolio) increased his stake in Dynegy Inc. (NYSE:DYN) by 1,563% on May 3. The guru purchased 5,959,436 shares for $16.6 per share.
Dynegy is an electric utility company based in Houston. It owns and operates a number of power stations in the U.S. across eight states – California, Connecticut, Illinois, Ohio, Massachusetts, Maine, New York and Pennsylvania. 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. Continue Reading »