Parcion Private Wealth LLC Invests $257,000 in Talen Energy Corporation (NASDAQ:TLN)

Parcion Private Wealth LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,275 shares of the utilities provider's stock, valued at approximately $257,000.

Several other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy in the third quarter worth $36,000. Allworth Financial LP grew its stake in Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after purchasing an additional 116 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in Talen Energy during the 4th quarter worth about $39,000. Empowered Funds LLC purchased a new stake in Talen Energy during the 4th quarter worth about $42,000. Finally, SG Americas Securities LLC acquired a new stake in Talen Energy in the 4th quarter valued at about $152,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 value of $999,988,155.45. Following the completion of the sale, the insider now directly owns 6,475,107 shares of the company's stock, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Evercore ISI began coverage on shares of Talen Energy in a research note on Friday. They set an "outperform" rating 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 report on Friday, January 3rd. Barclays raised their price objective on shares of Talen Energy from $245.00 to $293.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Daiwa Capital Markets began coverage on shares of Talen Energy in a research note on Wednesday, December 4th. They set a "buy" rating and a $248.00 target price for the company. Finally, Oppenheimer increased their target price on Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Eleven research 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 $247.10.

Talen Energy Stock Down 7.5 %

NASDAQ:TLN traded down $17.63 during midday trading on Friday, hitting $218.80. 2,492,007 shares of the company were exchanged, compared to its average volume of 1,183,487. Talen Energy Corporation has a fifty-two week low of $67.55 and a fifty-two week high of $258.03. The company has a market capitalization of $11.13 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 2.83 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. The company has a fifty day simple moving average of $222.20 and a 200 day simple moving average of $175.84.

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.