Stifel Financial Corp Invests $3.85 Million in Talen Energy Corporation (NASDAQ:TLN)

Stifel Financial Corp bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,578 shares of the utilities provider's stock, valued at approximately $3,846,000.

Several other institutional investors have also added to or reduced their stakes in TLN. BNP Paribas Financial Markets bought a new position in shares of Talen Energy during the 3rd quarter valued at approximately $36,000. Spirit of America Management Corp NY bought a new stake in shares of Talen Energy during the 3rd quarter valued at $214,000. World Equity Group Inc. purchased a new position in shares of Talen Energy during the 3rd quarter valued at $237,000. Point72 Hong Kong Ltd purchased a new position in shares of Talen Energy during the 3rd quarter valued at $257,000. Finally, Guidance Capital Inc. bought a new position in Talen Energy in the 3rd quarter worth $348,000. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TLN. Royal Bank of Canada began coverage on Talen Energy in a research report on Thursday, September 26th. They issued an "outperform" rating and a $233.00 price objective on the stock. Oppenheimer boosted their price target on Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Jefferies Financial Group started coverage on shares of Talen Energy in a report on Friday, September 13th. They set a "buy" rating and a $226.00 price objective for the company. BWS Financial boosted their target price on Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. began coverage on shares of Talen Energy in a research report on Thursday, October 17th. They set an "overweight" rating and a $268.00 price objective for the company. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $222.40.

Talen Energy Trading Down 1.6 %

Shares of TLN stock traded down $3.37 on Tuesday, reaching $205.85. 659,769 shares of the company's stock were exchanged, compared to its average volume of 669,337. The company's fifty day simple moving average is $188.70 and its 200 day simple moving average is $133.94. The stock has a market capitalization of $10.47 billion and a PE ratio of 11.02. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 52 week low of $58.28 and a 52 week high of $230.89.

Insider Transactions at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction on 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 transaction, the insider now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company's stock.

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.