Geode Capital Management LLC Purchases New Position in Talen Energy Corporation (NASDAQ:TLN)

Geode Capital Management LLC acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLNFree Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 562,598 shares of the utilities provider’s stock, valued at approximately $100,317,000. Geode Capital Management LLC owned 1.10% of Talen Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Talen Energy in the 3rd quarter worth approximately $520,000. Roubaix Capital LLC purchased a new stake in Talen Energy during the third quarter worth $11,234,000. Monarch Alternative Capital LP bought a new stake in Talen Energy during the 3rd quarter valued at $258,448,000. First Sabrepoint Capital Management LP purchased a new position in shares of Talen Energy in the 3rd quarter valued at $6,238,000. Finally, M&G PLC bought a new position in shares of Talen Energy in the 3rd quarter worth $14,797,000. 0.38% of the stock is owned by institutional investors.

Insider Activity at Talen Energy

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 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 directly owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. The trade was a 43.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. 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 report on Friday, September 6th. Oppenheimer lifted their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Jefferies Financial Group began coverage on shares of Talen Energy in a research note on Friday, September 13th. They set a “buy” rating and a $226.00 price objective for the company. Daiwa Capital Markets started coverage on shares of Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price target on the stock. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $222.40.

Read Our Latest Analysis on TLN

Talen Energy Stock Down 5.0 %

TLN stock opened at $195.52 on Thursday. The company has a market capitalization of $9.94 billion and a P/E ratio of 10.47. Talen Energy Corporation has a 12 month low of $60.00 and a 12 month high of $230.89. The firm’s fifty day simple moving average is $190.31 and its 200-day simple moving average is $134.77. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Talen Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Talen Energy (NASDAQ:TLN)

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