206 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 206 shares of the utilities provider’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rubric Capital Management LP acquired a new stake in shares of Talen Energy during the third quarter worth $2,026,342,000. River Road Asset Management LLC acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $277,653,000. Monarch Alternative Capital LP bought a new stake in shares of Talen Energy in the third quarter valued at approximately $258,448,000. Mirabella Financial Services LLP acquired a new stake in Talen Energy during the third quarter worth approximately $168,108,000. Finally, Sachem Head Capital Management LP acquired a new position in Talen Energy in the 3rd quarter valued at $167,724,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $218.80 on Friday. The company’s 50 day moving average price is $222.20 and its two-hundred day moving average price is $176.32. The firm has a market capitalization of $11.13 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.70 and a beta of 1.70. Talen Energy Corporation has a fifty-two week low of $67.55 and a fifty-two week high of $258.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was 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. This represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TLN has been the topic of a number of recent analyst reports. Bank of America began coverage on Talen Energy in a research report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target on the stock. Oppenheimer raised their target price on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Daiwa Capital Markets assumed coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 target price for the company. Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday. They set an “outperform” rating on the stock. Finally, UBS Group boosted 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. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $247.10.

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.