AGF Management Ltd. Makes New $9.15 Million Investment in Talen Energy Corporation (NASDAQ:TLN)

AGF Management Ltd. acquired a new position 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 acquired 45,410 shares of the utilities provider's stock, valued at approximately $9,149,000. AGF Management Ltd. owned 0.09% of Talen Energy at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. BNP Paribas Financial Markets purchased a new position in shares of Talen Energy during the third quarter worth about $36,000. Allworth Financial LP increased its holdings in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after buying an additional 116 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Talen Energy during the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. purchased a new position in shares of Talen Energy during the 4th quarter worth approximately $39,000. Finally, Empowered Funds LLC purchased a new stake in Talen Energy in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

Talen Energy stock traded down $3.89 during midday trading on Thursday, hitting $195.20. The company's stock had a trading volume of 1,193,487 shares, compared to its average volume of 1,115,473. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The stock's 50-day moving average price is $220.35 and its 200-day moving average price is $183.69. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The company has a market capitalization of $8.97 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00.

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Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the transaction, the insider now owns 6,475,107 shares of the company's stock, valued at $1,323,188,115.45. The trade was a 43.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TLN shares. Barclays decreased their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Bank of America assumed coverage on shares of Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target for the company. Morgan Stanley assumed coverage on shares of Talen Energy in a report on Wednesday. They issued an "overweight" rating and a $243.00 price objective for the company. Oppenheimer lifted their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, Evercore ISI began coverage on shares of Talen Energy in a report on Friday, February 21st. They set an "outperform" rating for the company. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy presently has a consensus rating of "Buy" and a consensus target price of $241.36.

Talen Energy Company Profile

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.