State Street Corp Invests $32.19 Million in Talen Energy Corporation (NASDAQ:TLN)

State Street Corp acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 180,571 shares of the utilities provider's stock, valued at approximately $32,185,000. State Street Corp owned approximately 0.35% of Talen Energy at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Stifel Financial Corp acquired a new position in Talen Energy during the third quarter valued at $3,846,000. Sachem Head Capital Management LP purchased a new stake in shares of Talen Energy in the third quarter worth about $167,724,000. Quadrature Capital Ltd acquired a new stake in Talen Energy during the third quarter worth about $3,514,000. Point72 Asset Management L.P. purchased a new stake in Talen Energy in the 3rd quarter worth approximately $84,923,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Talen Energy during the 3rd quarter worth approximately $1,640,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the transaction, the insider now owns 6,475,107 shares of the company's stock, valued at approximately $1,323,188,115.45. The trade was a 43.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Talen Energy Price Performance

NASDAQ TLN traded up $1.21 on Friday, reaching $197.11. 1,206,566 shares of the stock traded hands, compared to its average volume of 671,980. Talen Energy Corporation has a 12 month low of $60.00 and a 12 month high of $230.89. 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 firm's fifty day simple moving average is $194.58 and its 200 day simple moving average is $136.71. The company has a market cap of $10.02 billion and a price-to-earnings ratio of 10.55.

Analyst Upgrades and Downgrades

TLN has been the topic of a number of research analyst reports. Royal Bank of Canada assumed coverage on shares of Talen Energy in a research note on Thursday, September 26th. They issued an "outperform" rating and a $233.00 price target on the stock. Jefferies Financial Group began coverage on shares of Talen Energy in a research report on Friday, September 13th. They issued a "buy" rating and a $226.00 target price for the company. UBS Group lifted their target price on shares of Talen Energy from $197.00 to $242.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Barclays increased their target price on shares of Talen Energy from $202.00 to $245.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Finally, Daiwa Capital Markets initiated coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They set a "buy" rating and a $248.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy presently has a consensus rating of "Buy" and an average price target of $222.40.

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.