1,193 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,193 shares of the utilities provider’s stock, valued at approximately $240,000.

Several other large investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy in the third quarter worth $36,000. Spirit of America Management Corp NY purchased a new position in Talen Energy in the third quarter valued at about $214,000. World Equity Group Inc. acquired a new position in Talen Energy in the 3rd quarter worth about $237,000. Capital Market Strategies LLC acquired a new position in Talen Energy in the 4th quarter worth about $252,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Talen Energy during the 3rd quarter worth about $257,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Insider Activity

In other 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Talen Energy Trading Up 3.4 %

Shares of NASDAQ:TLN opened at $234.16 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The stock’s 50-day moving average is $210.53 and its 200-day moving average is $152.04. The company has a market cap of $11.91 billion and a P/E ratio of 12.54. Talen Energy Corporation has a 52-week low of $64.51 and a 52-week high of $235.62.

Analysts Set New Price Targets

A number of equities analysts recently commented on TLN shares. Daiwa Capital Markets initiated coverage on Talen Energy in a report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective on the stock. Royal Bank of Canada assumed coverage on shares of Talen Energy in a research note on Thursday, September 26th. They set an “outperform” rating and a $233.00 price target on the stock. Oppenheimer lifted their price objective 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. Barclays upped their price objective on shares of Talen Energy from $202.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Guggenheim raised their target price on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $225.10.

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.