Mount Yale Investment Advisors LLC Grows Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Mount Yale Investment Advisors LLC increased its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 124.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,536 shares of the utilities provider's stock after purchasing an additional 2,512 shares during the period. Mount Yale Investment Advisors LLC's holdings in Talen Energy were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TLN. BNP Paribas Financial Markets acquired a new position in Talen Energy in the 3rd quarter valued at about $36,000. Geneos Wealth Management Inc. acquired a new position in Talen Energy in the fourth quarter valued at about $39,000. SG Americas Securities LLC acquired a new stake in shares of Talen Energy during the fourth quarter valued at about $152,000. Spirit of America Management Corp NY purchased a new position in shares of Talen Energy during the 3rd quarter worth approximately $214,000. Finally, World Equity Group Inc. acquired a new stake in Talen Energy in the 3rd quarter valued at approximately $237,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TLN shares. JPMorgan Chase & Co. initiated coverage on Talen Energy in a report on Thursday, October 17th. They issued an "overweight" rating and a $268.00 price objective on the stock. UBS Group increased 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. Guggenheim upped their target price on shares of Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Daiwa Capital Markets began coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They issued a "buy" rating and a $248.00 price target for the company. Finally, Oppenheimer upped their price objective on Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $229.90.

Talen Energy Stock Up 6.4 %

Talen Energy stock traded up $12.26 during mid-day trading on Tuesday, hitting $204.42. The company had a trading volume of 2,678,807 shares, compared to its average volume of 1,356,855. The business has a fifty day moving average of $214.44 and a 200 day moving average of $160.40. Talen Energy Corporation has a 1 year low of $64.51 and a 1 year high of $258.03. 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 has a market cap of $10.39 billion and a price-to-earnings ratio of 10.94.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $204.35, for a total value of $999,988,155.45. Following the transaction, the insider now directly owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by 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.