Thurston Springer Miller Herd & Titak Inc. Takes Position in Talen Energy Corporation (NASDAQ:TLN)

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,193 shares of the utilities provider's stock, valued at approximately $240,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in Talen Energy in the 3rd quarter valued at $520,000. JPMorgan Chase & Co. bought a new position in Talen Energy during the third quarter valued at about $23,482,000. Roubaix Capital LLC purchased a new stake in Talen Energy during the third quarter worth about $11,234,000. Monarch Alternative Capital LP purchased a new stake in shares of Talen Energy during the 3rd quarter worth approximately $258,448,000. Finally, First Sabrepoint Capital Management LP purchased a new position in Talen Energy in the third quarter valued at approximately $6,238,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

TLN traded up $0.79 during midday trading on Friday, reaching $234.95. The company had a trading volume of 1,014,585 shares, compared to its average volume of 1,007,089. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 1 year low of $64.51 and a 1 year high of $236.86. The company has a market cap of $11.95 billion and a P/E ratio of 12.58. The business has a 50-day moving average of $211.10 and a two-hundred day moving average of $152.99.

Wall Street Analyst Weigh In

TLN has been the subject of a number of analyst reports. Daiwa Capital Markets assumed coverage on Talen Energy in a report on Wednesday, December 4th. They issued a "buy" rating and a $248.00 price target for the company. Oppenheimer boosted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Guggenheim increased their price objective on Talen Energy from $219.00 to $246.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. initiated coverage on shares of Talen Energy in a report on Thursday, October 17th. They set an "overweight" rating and a $268.00 target price on the stock. Finally, UBS Group boosted their price objective on Talen Energy from $242.00 to $269.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $225.10.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the transaction, the insider now owns 6,475,107 shares of the company's stock, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

About Talen Energy

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.