Diversify Advisory Services LLC Invests $5.79 Million in Talen Energy Corporation (NASDAQ:TLN)

Diversify Advisory Services LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 26,121 shares of the utilities provider’s stock, valued at approximately $5,794,000.

Several other institutional investors also recently bought and sold shares of TLN. Rubric Capital Management LP acquired a new position in shares of Talen Energy during the third quarter worth about $2,026,342,000. River Road Asset Management LLC purchased a new position in shares of Talen Energy during the 3rd quarter worth approximately $277,653,000. Monarch Alternative Capital LP acquired a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $258,448,000. Mirabella Financial Services LLP purchased a new stake in shares of Talen Energy in the third quarter valued at approximately $168,108,000. Finally, Sachem Head Capital Management LP acquired a new position in Talen Energy during the third quarter worth $167,724,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the firm’s 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 sale, the insider now owns 6,475,107 shares in the company, valued at $1,323,188,115.45. This trade represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Talen Energy Trading Up 0.3 %

Talen Energy stock opened at $234.95 on Monday. The stock has a 50-day moving average price of $211.10 and a 200 day moving average price of $153.79. Talen Energy Corporation has a 52 week low of $64.51 and a 52 week high of $236.86. The stock has a market cap of $11.95 billion and a PE ratio of 12.58. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Analyst Ratings Changes

A number of research firms have recently weighed in on TLN. Barclays upped their price target on shares of Talen Energy from $202.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Guggenheim upped their target price on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Oppenheimer lifted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. assumed coverage on Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target on the stock. Finally, Royal Bank of Canada began coverage on Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price 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.