Kayne Anderson Capital Advisors LP Acquires New Stake in Talen Energy Corporation (NASDAQ:TLN)

Kayne Anderson Capital Advisors LP bought a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,203 shares of the utilities provider's stock, valued at approximately $4,473,000.

Other hedge funds have also recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in shares of Talen Energy in the third quarter worth about $520,000. JPMorgan Chase & Co. purchased a new position in Talen Energy in the 3rd quarter valued at approximately $23,482,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Talen Energy during the 4th quarter valued at $240,000. Monarch Alternative Capital LP purchased a new stake in shares of Talen Energy during the third quarter worth $258,448,000. Finally, First Sabrepoint Capital Management LP bought a new position in shares of Talen Energy in the third quarter worth $6,238,000. 0.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore ISI started coverage on Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating on the stock. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research report on Wednesday, March 5th. Oppenheimer raised their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Bank of America began coverage on shares of Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 target price on the stock. Finally, UBS Group increased their target price 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. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy currently has a consensus rating of "Buy" and a consensus target price of $241.20.

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Talen Energy Stock Up 6.5 %

Shares of NASDAQ:TLN opened at $176.56 on Wednesday. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The stock's 50-day moving average price is $220.90 and its 200-day moving average price is $183.17. The stock has a market capitalization of $8.12 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00.

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction 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 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Talen Energy 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.

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