Y Intercept Hong Kong Ltd Buys Shares of 9,857 Talen Energy Corporation (NASDAQ:TLN)

Y Intercept Hong Kong Ltd bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,857 shares of the utilities provider’s stock, valued at approximately $1,986,000.

A number of other institutional investors have also added to or reduced their stakes in TLN. XTX Topco Ltd bought a new stake in shares of Talen Energy in the 3rd quarter valued at about $520,000. JPMorgan Chase & Co. purchased a new stake in shares of Talen Energy during the 3rd quarter worth about $23,482,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Talen Energy in the 4th quarter valued at about $240,000. Roubaix Capital LLC purchased a new position in shares of Talen Energy in the 3rd quarter valued at about $11,234,000. Finally, Monarch Alternative Capital LP purchased a new position in shares of Talen Energy in the 3rd quarter valued at about $258,448,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Evercore ISI assumed coverage on Talen Energy in a research note on Friday, February 21st. They set an “outperform” rating for the company. Bank of America began coverage on Talen Energy in a research report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target for the company. UBS Group upped their price objective on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Oppenheimer upped their price objective on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Barclays upped their price target on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy presently has an average rating of “Buy” and an average price target of $247.10.

Insider Activity at Talen Energy

In related 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 value of $999,988,155.45. Following the transaction, the insider now owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Talen Energy Stock Down 2.0 %

Shares of NASDAQ TLN opened at $211.59 on Wednesday. The stock has a market cap of $10.76 billion, a P/E ratio of 11.33, a PEG ratio of 2.70 and a beta of 1.70. The business’s fifty day simple moving average is $222.45 and its 200-day simple moving average is $178.23. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 12-month low of $69.06 and a 12-month high of $258.03.

Talen Energy Company 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.