Rhumbline Advisers increased its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 37.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,530 shares of the utilities provider's stock after buying an additional 1,503 shares during the quarter. Rhumbline Advisers' holdings in Talen Energy were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the business. Rubric Capital Management LP purchased a new position in shares of Talen Energy in the 3rd quarter valued at $2,026,342,000. Monarch Alternative Capital LP purchased a new position in Talen Energy in the 3rd quarter valued at about $258,448,000. Mirabella Financial Services LLP acquired a new stake in shares of Talen Energy during the third quarter valued at about $168,108,000. Sachem Head Capital Management LP purchased a new stake in shares of Talen Energy during the third quarter worth about $167,724,000. Finally, FMR LLC acquired a new position in shares of Talen Energy in the third quarter worth about $141,363,000. Hedge funds and other institutional investors own 0.38% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on TLN shares. Evercore ISI started coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating for the company. Oppenheimer raised their price target on shares of Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Daiwa Capital Markets started 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 for the company. Bank of America initiated coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 price target for the company. Finally, Barclays decreased their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $246.00.
Check Out Our Latest Research Report on Talen Energy
Insider Buying and Selling at Talen Energy
In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company's stock in a transaction dated Friday, December 13th. The shares were 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 owns 6,475,107 shares of the company's stock, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.
Talen Energy Stock Performance
TLN stock traded down $4.29 during midday trading on Friday, reaching $176.24. The company had a trading volume of 1,664,004 shares, compared to its average volume of 1,296,084. 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 50 day moving average price of $221.61 and a 200 day moving average price of $182.36. Talen Energy Corporation has a fifty-two week low of $83.14 and a fifty-two week high of $258.03. The firm has a market capitalization of $8.10 billion, a PE ratio of 9.43, a P/E/G ratio of 2.70 and a beta of 2.00.
Talen Energy Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Talen Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Talen Energy wasn't on the list.
While Talen Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
