Talen Energy Corporation (NASDAQ:TLN) Position Increased by World Equity Group Inc.

World Equity Group Inc. raised its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 146.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,284 shares of the utilities provider’s stock after purchasing an additional 1,954 shares during the period. World Equity Group Inc.’s holdings in Talen Energy were worth $662,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP increased its stake in Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 116 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Talen Energy during the fourth quarter valued at $39,000. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy during the third quarter valued at $36,000. Empowered Funds LLC acquired a new position in shares of Talen Energy during the fourth quarter valued at $42,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Talen Energy by 458.0% during the fourth quarter. First Horizon Advisors Inc. now owns 452 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 371 shares during the period. Institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $218.80 on Monday. Talen Energy Corporation has a twelve month low of $67.55 and a twelve month high of $258.03. 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 company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.70 and a beta of 1.70. The firm has a 50-day moving average of $222.20 and a two-hundred day moving average of $176.78.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Daiwa Capital Markets assumed coverage on shares of Talen Energy in a report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price target for the company. Bank of America assumed coverage on shares of Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 price target for the company. Oppenheimer boosted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays upped their price objective on shares of Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, Evercore ISI started coverage on shares of Talen Energy in a report on Friday. They issued an “outperform” rating for the company. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $247.10.

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 company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $204.35, for a total value of $999,988,155.45. Following the completion of the sale, the insider now directly owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. This 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. 0.18% of the stock is owned by corporate insiders.

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.