Janney Montgomery Scott LLC Raises Holdings in Talen Energy Corporation (NASDAQ:TLN)

Janney Montgomery Scott LLC lifted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 1,013.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,859 shares of the utilities provider's stock after buying an additional 11,704 shares during the period. Janney Montgomery Scott LLC's holdings in Talen Energy were worth $2,591,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TLN. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy in the 3rd quarter worth approximately $36,000. SG Americas Securities LLC acquired a new position in Talen Energy during the fourth quarter valued at $152,000. Spirit of America Management Corp NY bought a new position in Talen Energy during the third quarter valued at approximately $214,000. World Equity Group Inc. bought a new stake in Talen Energy during the third quarter worth approximately $237,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Talen Energy in the 4th quarter worth approximately $240,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Up 0.6 %

Talen Energy stock traded up $1.43 during mid-day trading on Wednesday, hitting $235.85. The company had a trading volume of 826,003 shares, compared to its average volume of 1,330,052. The company has a market capitalization of $11.99 billion, a PE ratio of 12.63 and a beta of 1.70. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 12 month low of $64.51 and a 12 month high of $258.03. The stock's 50 day moving average price is $216.08 and its two-hundred day moving average price is $165.28.

Analyst Ratings Changes

Several analysts have recently commented on TLN shares. Bank of America assumed coverage on Talen Energy in a report on Monday. They set a "buy" rating and a $253.00 target price on the stock. UBS Group boosted their price target on shares of Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Barclays increased their price target on Talen Energy from $245.00 to $293.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Oppenheimer boosted their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Finally, Daiwa Capital Markets started coverage on Talen Energy in a research note on Wednesday, December 4th. They set a "buy" rating and a $248.00 target price for the company. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $232.00.

Insider Buying and Selling

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company's 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 sale, the insider now directly owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.