FDx Advisors Inc. Invests $203,000 in Talen Energy Corporation (NASDAQ:TLN)

FDx Advisors Inc. acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,008 shares of the utilities provider’s stock, valued at approximately $203,000.

Several other hedge funds have also modified their holdings of the business. Rubric Capital Management LP purchased a new stake in shares of Talen Energy during the 3rd quarter worth approximately $2,026,342,000. River Road Asset Management LLC purchased a new position in Talen Energy during the third quarter worth $277,653,000. Monarch Alternative Capital LP acquired a new position in shares of Talen Energy in the third quarter worth $258,448,000. Mirabella Financial Services LLP purchased a new stake in shares of Talen Energy in the third quarter valued at $168,108,000. Finally, Sachem Head Capital Management LP acquired a new stake in shares of Talen Energy during the third quarter valued at $167,724,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the transaction, the insider now directly owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. The trade was a 43.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by company insiders.

Talen Energy Trading Down 7.5 %

TLN stock opened at $218.80 on Friday. Talen Energy Corporation has a 52 week low of $67.55 and a 52 week high of $258.03. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.83 and a beta of 1.70. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $222.20 and a 200-day simple moving average of $175.84.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TLN shares. Oppenheimer boosted their target price on shares of 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 initiated coverage on shares of Talen Energy in a research report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price objective for the company. Daiwa Capital Markets started coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They set a “buy” rating and a $248.00 target price on the stock. UBS Group boosted their price target on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Evercore ISI started coverage on Talen Energy in a report on Friday. They set an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy currently has a consensus rating of “Buy” and a consensus target price of $247.10.

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.