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

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

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in Talen Energy in the 4th quarter valued at about $39,000. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy in the third quarter valued at approximately $36,000. SG Americas Securities LLC purchased a new position in shares of Talen Energy during the fourth quarter valued at approximately $152,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Talen Energy during the fourth quarter valued at approximately $240,000. Finally, Spirit of America Management Corp NY acquired a new stake in Talen Energy during the third quarter worth approximately $214,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the firm’s stock in a transaction dated 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 directly owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Talen Energy Trading Down 0.2 %

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TLN shares. Barclays increased their price target on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Daiwa Capital Markets started coverage on 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 lifted 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. JPMorgan Chase & Co. initiated coverage on shares of Talen Energy in a report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective on the stock. Finally, 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 report on Monday, December 9th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $232.00.

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.