Talen Energy Corporation (NASDAQ:TLN) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lifted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 68,428.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,797 shares of the utilities provider’s stock after acquiring an additional 4,790 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Talen Energy were worth $966,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TLN. Rubric Capital Management LP purchased a new position in shares of Talen Energy during the third quarter worth about $2,026,342,000. River Road Asset Management LLC acquired a new stake in shares of Talen Energy in the 3rd quarter valued at about $277,653,000. Monarch Alternative Capital LP acquired a new stake in shares of Talen Energy in the 3rd quarter valued at about $258,448,000. Mirabella Financial Services LLP purchased a new position in Talen Energy during the 3rd quarter worth approximately $168,108,000. Finally, Sachem Head Capital Management LP acquired a new position in Talen Energy during the third quarter worth approximately $167,724,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the firm’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 $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Bank of America began coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price on the stock. UBS Group raised their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Barclays upped their target price on shares of Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Daiwa Capital Markets assumed coverage on Talen Energy in a research report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective for the company. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $232.00.

Talen Energy Stock Down 0.2 %

Talen Energy stock opened at $238.23 on Tuesday. The stock’s 50 day moving average price is $217.63 and its 200 day moving average price is $168.56. Talen Energy Corporation has a 1-year low of $66.40 and a 1-year high of $258.03. The company has a market cap of $12.11 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 2.92 and a beta of 1.70. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

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.