KBC Group NV Makes New Investment in Talen Energy Corporation (NASDAQ:TLN)

KBC Group NV bought 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 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,528 shares of the utilities provider's stock, valued at approximately $308,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in shares of Talen Energy in the fourth quarter worth approximately $39,000. BNP Paribas Financial Markets purchased a new position in Talen Energy during the third quarter worth approximately $36,000. SG Americas Securities LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at $152,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Talen Energy during the 4th quarter valued at $240,000. Finally, Spirit of America Management Corp NY acquired a new stake in shares of Talen Energy during the 3rd quarter worth $214,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TLN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. assumed coverage on Talen Energy in a report on Thursday, October 17th. They issued an "overweight" rating and a $268.00 target price on the stock. Bank of America started coverage on Talen Energy in a research note on Monday. They issued a "buy" rating and a $253.00 price objective on the stock. Barclays increased their target price on shares of Talen Energy from $245.00 to $293.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. UBS Group lifted their price target on shares of Talen Energy from $242.00 to $269.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Finally, Daiwa Capital Markets initiated coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They issued a "buy" rating and a $248.00 price objective for the company. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy currently has a consensus rating of "Buy" and an average target price of $232.00.

Talen Energy Stock Down 0.1 %

Talen Energy stock traded down $0.18 during midday trading on Friday, hitting $238.73. 652,555 shares of the stock were exchanged, compared to its average volume of 1,276,250. Talen Energy Corporation has a 1 year low of $64.51 and a 1 year high of $258.03. 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 $12.14 billion, a P/E ratio of 12.78 and a beta of 1.70. The company has a 50 day moving average price of $216.57 and a two-hundred day moving average price of $165.78.

Insider Transactions at Talen Energy

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

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.