Guidance Capital Inc. Lowers Holdings in Talen Energy Corporation (NASDAQ:TLN)

Guidance Capital Inc. reduced its position in Talen Energy Corporation (NASDAQ:TLN) by 17.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,658 shares of the utilities provider’s stock after selling 343 shares during the period. Guidance Capital Inc.’s holdings in Talen Energy were worth $334,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in Talen Energy during the third quarter valued at approximately $36,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy during the fourth quarter valued at approximately $39,000. SG Americas Securities LLC purchased a new stake in Talen Energy during the fourth quarter valued at approximately $152,000. Spirit of America Management Corp NY purchased a new stake in Talen Energy during the third quarter valued at approximately $214,000. Finally, World Equity Group Inc. purchased a new stake in Talen Energy during the third quarter valued at approximately $237,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Up 0.6 %

Shares of NASDAQ TLN opened at $235.85 on Thursday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $11.99 billion, a PE ratio of 12.63 and a beta of 1.70. The stock’s fifty day simple moving average is $216.08 and its two-hundred day simple moving average is $165.28. Talen Energy Corporation has a 12-month low of $64.51 and a 12-month high of $258.03.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Bank of America assumed coverage on Talen Energy in a research note on Monday. They set a “buy” rating and a $253.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research note on Thursday, October 17th. They set an “overweight” rating and a $268.00 target price on the stock. Daiwa Capital Markets assumed coverage on Talen Energy in a research note on Wednesday, December 4th. They set a “buy” rating and a $248.00 target price on the stock. UBS Group upped their target price on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Oppenheimer upped their target price on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $232.00.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction 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 sale, the insider now owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.