Capital Market Strategies LLC Acquires Shares of 1,250 Talen Energy Corporation (NASDAQ:TLN)

Capital Market Strategies LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,250 shares of the utilities provider’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TLN. BNP Paribas Financial Markets bought a new position in Talen Energy in the 3rd quarter worth about $36,000. Spirit of America Management Corp NY bought a new position in shares of Talen Energy in the third quarter worth approximately $214,000. World Equity Group Inc. purchased a new stake in shares of Talen Energy during the third quarter valued at approximately $237,000. Point72 Hong Kong Ltd bought a new stake in shares of Talen Energy during the third quarter valued at approximately $257,000. Finally, Everence Capital Management Inc. purchased a new position in Talen Energy in the 4th quarter worth approximately $276,000. 0.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TLN. Oppenheimer lifted their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Jefferies Financial Group assumed coverage on shares of Talen Energy in a research note on Friday, September 13th. They set a “buy” rating and a $226.00 target price on the stock. 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 price target for the company. Guggenheim boosted their price objective on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy presently has a consensus rating of “Buy” and a consensus price target of $225.10.

Insider Transactions at Talen Energy

In related 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 transaction of $999,988,155.45. Following the completion of the transaction, the insider now directly owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. The trade was a 43.04 % decrease in their position. 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 company insiders.

Talen Energy Stock Performance

TLN stock traded up $3.66 during midday trading on Monday, reaching $219.25. 278,034 shares of the company’s stock traded hands, compared to its average volume of 612,678. The stock’s 50-day moving average is $204.08 and its 200 day moving average is $145.10. The stock has a market cap of $11.15 billion and a P/E ratio of 11.74. Talen Energy Corporation has a 52-week low of $62.86 and a 52-week high of $230.89. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

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.