3,799 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,799 shares of the utilities provider’s stock, valued at approximately $765,000.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in Talen Energy during the third quarter worth approximately $36,000. Geneos Wealth Management Inc. bought a new stake in shares of Talen Energy during the 4th quarter worth $39,000. Empowered Funds LLC bought a new position in Talen Energy in the 4th quarter worth $42,000. SG Americas Securities LLC acquired a new position in Talen Energy during the 4th quarter worth $152,000. Finally, Spirit of America Management Corp NY bought a new stake in Talen Energy during the third quarter valued at about $214,000. 0.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TLN has been the subject of several research analyst reports. JPMorgan Chase & Co. assumed 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. Daiwa Capital Markets initiated coverage on Talen Energy in a report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price target for the company. Barclays increased their price objective on Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. UBS Group boosted their target price 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. Finally, Oppenheimer increased 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. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $232.00.

Talen Energy Price Performance

Shares of Talen Energy stock opened at $233.95 on Wednesday. Talen Energy Corporation has a twelve month low of $66.40 and a twelve month 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 firm has a market cap of $11.90 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 2.92 and a beta of 1.70. The firm’s 50-day simple moving average is $218.05 and its 200-day simple moving average is $169.47.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction 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 completion of the transaction, the insider now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

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.