Allworth Financial LP Purchases 116 Shares of Talen Energy Corporation (NASDAQ:TLN)

Allworth Financial LP increased its position in Talen Energy Corporation (NASDAQ:TLN) by 170.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184 shares of the utilities provider’s stock after purchasing an additional 116 shares during the quarter. Allworth Financial LP’s holdings in Talen Energy were worth $37,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rhumbline Advisers boosted its position in Talen Energy by 37.3% during the 4th quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider’s stock valued at $1,114,000 after acquiring an additional 1,503 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Talen Energy during the 4th quarter valued at $765,000. Empowered Funds LLC purchased a new stake in shares of Talen Energy during the 4th quarter valued at $42,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Talen Energy by 68,428.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,797 shares of the utilities provider’s stock valued at $966,000 after purchasing an additional 4,790 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Talen Energy during the 4th quarter valued at $940,000. Institutional investors own 0.38% of the company’s stock.

Insider Activity at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction dated 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 in the company, valued at $1,323,188,115.45. The trade was a 43.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Talen Energy Price Performance

Shares of Talen Energy stock opened at $211.59 on Wednesday. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a twelve month low of $69.06 and a twelve month high of $258.03. The business has a 50-day moving average price of $222.45 and a 200 day moving average price of $178.23. The firm has a market cap of $10.76 billion, a PE ratio of 11.33, a P/E/G ratio of 2.70 and a beta of 1.70.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TLN. UBS Group increased their price objective on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Daiwa Capital Markets assumed coverage on Talen Energy in a research report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price target for the company. Oppenheimer lifted their price target on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays boosted their price objective on Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Finally, Evercore ISI began coverage on Talen Energy in a report on Friday, February 21st. They issued an “outperform” rating for the company. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $247.10.

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.