Entropy Technologies LP Invests $765,000 in Talen Energy Corporation (NASDAQ:TLN)

Entropy Technologies LP purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,799 shares of the utilities provider's stock, valued at approximately $765,000.

A number of other institutional investors have also recently bought and sold shares of TLN. Geneos Wealth Management Inc. acquired a new position in Talen Energy during the 4th quarter worth approximately $39,000. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the third quarter worth $36,000. Empowered Funds LLC acquired a new position in Talen Energy during the fourth quarter worth $42,000. SG Americas Securities LLC acquired a new position in Talen Energy during the fourth quarter worth $152,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Talen Energy in the fourth quarter valued at $240,000. Institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on TLN shares. 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 report on Monday, December 9th. Bank of America started coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 target price on the stock. UBS Group raised their price target on Talen Energy from $242.00 to $269.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Daiwa Capital Markets began coverage on Talen Energy in a research note on Wednesday, December 4th. They set a "buy" rating and a $248.00 price objective on the stock. Finally, Barclays increased their price objective on Talen Energy from $245.00 to $293.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy presently has an average rating of "Buy" and an average target price of $232.00.

Insider Buying and Selling at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company's stock in a transaction that occurred on 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 directly owns 6,475,107 shares in the company, 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 through this hyperlink. Company insiders own 0.18% of the company's stock.

Talen Energy Price Performance

Shares of NASDAQ:TLN traded up $1.16 during midday trading on Friday, hitting $241.54. The stock had a trading volume of 685,984 shares, compared to its average volume of 1,360,254. The company's 50-day moving average price is $219.09 and its 200-day moving average price is $171.79. The company has a market capitalization of $12.28 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 2.92 and a beta of 1.70. 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 fifty-two week low of $66.55 and a fifty-two week high of $258.03.

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.