Navellier & Associates Inc. Has $994,000 Position in Talen Energy Corporation (NASDAQ:TLN)

Navellier & Associates Inc. grew its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 77.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,932 shares of the utilities provider’s stock after acquiring an additional 2,159 shares during the period. Navellier & Associates Inc.’s holdings in Talen Energy were worth $994,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction dated Friday, December 13th. The shares were 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. The trade was a 43.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Daiwa Capital Markets assumed coverage on Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 target price for the company. UBS Group lifted 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. Evercore ISI assumed coverage on shares of Talen Energy in a report on Friday. They set an “outperform” rating on the stock. Bank of America started coverage on shares of Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price on the stock. Finally, Oppenheimer upped their price target 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. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $247.10.

Talen Energy Trading Down 7.5 %

Shares of Talen Energy stock opened at $218.80 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy Corporation has a 1-year low of $67.55 and a 1-year high of $258.03. The company’s fifty day simple moving average is $222.20 and its 200-day simple moving average is $176.32. The stock has a market capitalization of $11.13 billion, a PE ratio of 11.71, a P/E/G ratio of 2.70 and a beta of 1.70.

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.