Parcion Private Wealth LLC Takes $257,000 Position in Talen Energy Corporation (NASDAQ:TLN)

Parcion Private Wealth LLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,275 shares of the utilities provider’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TLN. BNP Paribas Financial Markets acquired a new position in Talen Energy during the third quarter worth about $36,000. Allworth Financial LP boosted its holdings in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 116 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Talen Energy in the fourth quarter valued at approximately $39,000. Empowered Funds LLC bought a new stake in Talen Energy in the fourth quarter valued at approximately $42,000. Finally, SG Americas Securities LLC bought a new position in shares of Talen Energy during the 4th quarter worth approximately $152,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Down 0.8 %

TLN stock opened at $248.33 on Thursday. 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 company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 2.86 and a beta of 1.70. Talen Energy Corporation has a fifty-two week low of $67.01 and a fifty-two week high of $258.03. The stock has a fifty day moving average of $221.43 and a 200-day moving average of $174.65.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Daiwa Capital Markets assumed coverage on Talen Energy in a report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 target price on the stock. Barclays increased their target price on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. UBS Group increased their target price on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Oppenheimer raised their target price on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Bank of America initiated coverage on Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price for the company. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy currently has an average rating of “Buy” and an average price target of $247.10.

Insider Transactions at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the 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 owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their position. The transaction 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.