Tran Capital Management L.P. Has $58.90 Million Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Tran Capital Management L.P. lessened its position in Talen Energy Corporation (NASDAQ:TLN) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,344 shares of the utilities provider’s stock after selling 13,518 shares during the quarter. Talen Energy comprises about 6.7% of Tran Capital Management L.P.’s investment portfolio, making the stock its 3rd biggest position. Tran Capital Management L.P. owned about 0.57% of Talen Energy worth $58,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in Talen Energy during the third quarter worth $36,000. Geneos Wealth Management Inc. bought a new position in shares of Talen Energy during the 4th quarter worth about $39,000. SG Americas Securities LLC acquired a new position in shares of Talen Energy during the fourth quarter valued at about $152,000. Spirit of America Management Corp NY bought a new stake in shares of Talen Energy in the third quarter valued at about $214,000. Finally, World Equity Group Inc. acquired a new stake in Talen Energy during the third quarter worth about $237,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. 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 target for the company. Guggenheim raised their target price on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. UBS Group boosted their price target on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Oppenheimer raised their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Barclays upped their target price on shares of Talen Energy from $202.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy presently has a consensus rating of “Buy” and an average price target of $225.10.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business’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 in the company, valued at approximately $1,323,188,115.45. The trade was 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 this hyperlink. 0.18% of the stock is owned by corporate insiders.

Talen Energy Stock Down 0.8 %

NASDAQ TLN opened at $245.06 on Friday. The stock has a market capitalization of $12.46 billion and a P/E ratio of 13.12. Talen Energy Corporation has a 52 week low of $64.51 and a 52 week high of $258.03. 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 has a fifty day moving average of $214.95 and a 200-day moving average of $158.50.

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.