Diversify Advisory Services LLC Buys Shares of 26,121 Talen Energy Corporation (NASDAQ:TLN)

Diversify Advisory Services LLC bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,121 shares of the utilities provider's stock, valued at approximately $5,794,000. Diversify Advisory Services LLC owned about 0.05% of Talen Energy at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TLN. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy during the 3rd quarter worth approximately $36,000. Spirit of America Management Corp NY bought a new position in shares of Talen Energy in the third quarter valued at $214,000. World Equity Group Inc. acquired a new position in Talen Energy during the third quarter worth $237,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Talen Energy during the fourth quarter worth $240,000. Finally, Capital Market Strategies LLC acquired a new stake in Talen Energy in the fourth quarter valued at $252,000. Institutional investors own 0.38% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Royal Bank of Canada started coverage on Talen Energy in a research report on Thursday, September 26th. They set an "outperform" rating and a $233.00 price target on the stock. Oppenheimer raised their price objective on Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. initiated coverage on Talen Energy in a research note on Thursday, October 17th. They set an "overweight" rating and a $268.00 target price for the company. Finally, Daiwa Capital Markets started coverage on Talen Energy in a research note on Wednesday, December 4th. They issued a "buy" rating and a $248.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $225.10.

Talen Energy Stock Performance

TLN traded up $0.79 during trading on Monday, hitting $234.95. The stock had a trading volume of 1,014,585 shares, compared to its average volume of 523,351. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The firm has a market cap of $11.95 billion and a price-to-earnings ratio of 12.58. The company has a 50 day moving average price of $211.61 and a 200-day moving average price of $154.76. Talen Energy Corporation has a one year low of $64.51 and a one year high of $236.86.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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.