KBC Group NV Makes New $308,000 Investment in Talen Energy Corporation (NASDAQ:TLN)

KBC Group NV bought a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,528 shares of the utilities provider’s stock, valued at approximately $308,000.

Other large investors have also recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Talen Energy in the third quarter valued at approximately $520,000. JPMorgan Chase & Co. purchased a new stake in Talen Energy in the 3rd quarter valued at $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Talen Energy during the 4th quarter worth $240,000. Roubaix Capital LLC purchased a new position in Talen Energy during the 3rd quarter worth $11,234,000. Finally, Monarch Alternative Capital LP purchased a new stake in shares of Talen Energy in the third quarter valued at about $258,448,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Up 4.1 %

TLN stock opened at $230.85 on Tuesday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The company’s 50-day moving average price is $215.28 and its 200 day moving average price is $163.88. Talen Energy Corporation has a 52 week low of $64.51 and a 52 week high of $258.03. The company has a market cap of $11.74 billion, a P/E ratio of 12.36 and a beta of 1.70.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business’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 sale, the insider now directly owns 6,475,107 shares in the company, 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TLN shares. Barclays raised their price target on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Oppenheimer lifted their target price on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Bank of America assumed coverage on Talen Energy in a research note on Monday. They set a “buy” rating and a $253.00 price target for the company. UBS Group lifted their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. initiated 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. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $232.00.

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.