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

State Street Corp purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 180,571 shares of the utilities provider’s stock, valued at approximately $32,185,000. State Street Corp owned 0.35% of Talen Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in Talen Energy in the third quarter valued at about $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $7,967,000. Guidance Capital Inc. acquired a new position in Talen Energy in the third quarter worth approximately $348,000. Mcdaniel Terry & Co. bought a new position in Talen Energy during the third quarter valued at approximately $371,000. Finally, Spirit of America Management Corp NY acquired a new stake in Talen Energy in the third quarter valued at approximately $214,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction that occurred 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 sale, the insider now owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Talen Energy Stock Up 0.6 %

TLN opened at $197.11 on Friday. Talen Energy Corporation has a 1-year low of $60.00 and a 1-year high of $230.89. The business has a 50 day moving average of $194.58 and a 200-day moving average of $136.35. The stock has a market capitalization of $10.02 billion and a price-to-earnings ratio of 10.55. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Analyst Ratings Changes

Several brokerages have recently commented on TLN. UBS Group increased their price target 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. Guggenheim raised their target price on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Barclays upped their price target on Talen Energy from $202.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. BWS Financial raised their price objective on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Oppenheimer upped their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average 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.