BNP Paribas Financial Markets Takes Position in Talen Energy Corporation (NASDAQ:TLN)

BNP Paribas Financial Markets purchased a new position in Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 200 shares of the utilities provider’s stock, valued at approximately $36,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. River Road Asset Management LLC purchased a new stake in Talen Energy in the third quarter worth $277,653,000. Mirabella Financial Services LLP bought a new position in shares of Talen Energy during the 3rd quarter worth $168,108,000. FMR LLC bought a new position in shares of Talen Energy during the 3rd quarter worth $141,363,000. Jennison Associates LLC purchased a new stake in Talen Energy in the 3rd quarter worth about $102,840,000. Finally, Yacktman Asset Management LP bought a new stake in Talen Energy in the 3rd quarter valued at about $79,299,000. Institutional investors own 0.38% of the company’s stock.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. The trade was a 43.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Talen Energy Trading Up 0.2 %

Shares of TLN stock opened at $195.90 on Friday. The company has a market capitalization of $9.96 billion and a PE ratio of 10.49. Talen Energy Corporation has a 52-week low of $60.00 and a 52-week high of $230.89. The business’s fifty day moving average is $191.72 and its 200 day moving average is $135.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TLN shares. UBS Group increased their target price on shares of Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Barclays upped their price target on shares of Talen Energy from $202.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Royal Bank of Canada started coverage on shares of Talen Energy in a report on Thursday, September 26th. They set an “outperform” rating and a $233.00 target price on the stock. Daiwa Capital Markets began coverage on Talen Energy in a report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price target for the company. Finally, Oppenheimer lifted their price target on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $222.40.

About Talen Energy

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.