Wilmington Savings Fund Society FSB Acquires 4,790 Shares of Talen Energy Corporation (NASDAQ:TLN)

Wilmington Savings Fund Society FSB raised its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 68,428.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,797 shares of the utilities provider's stock after buying an additional 4,790 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Talen Energy were worth $966,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in Talen Energy in the 4th quarter valued at $39,000. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the 3rd quarter worth about $36,000. SG Americas Securities LLC bought a new stake in shares of Talen Energy in the 4th quarter worth about $152,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Talen Energy in the 4th quarter worth about $240,000. Finally, Spirit of America Management Corp NY bought a new stake in shares of Talen Energy in the 3rd quarter worth about $214,000. Institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TLN shares. Daiwa Capital Markets started coverage on shares of Talen Energy in a report on Wednesday, December 4th. They issued a "buy" rating and a $248.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Talen Energy in a report on Thursday, October 17th. They issued an "overweight" rating and a $268.00 target price on the stock. Bank of America started coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. Barclays upped their target price on shares of Talen Energy from $245.00 to $293.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Finally, UBS Group upped 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. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy currently has a consensus rating of "Buy" and an average target price of $232.00.

Talen Energy Trading Up 0.5 %

Talen Energy stock traded up $1.16 during trading hours on Friday, reaching $241.54. 685,984 shares of the company's stock traded hands, compared to its average volume of 1,176,002. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a fifty-two week low of $66.55 and a fifty-two week high of $258.03. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 2.92 and a beta of 1.70. The firm's 50 day moving average is $219.09 and its 200-day moving average is $171.33.

Insider Buying and Selling at Talen Energy

In other Talen Energy 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 transaction 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 represents a 43.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Talen Energy Company 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.