Whipplewood Advisors LLC Takes Position in Talen Energy Corporation (NASDAQ:TLN)

Whipplewood Advisors LLC bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 263 shares of the utilities provider’s stock, valued at approximately $53,000.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TLN. Bank of America began 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. UBS Group increased their price target on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Oppenheimer increased their price target on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Evercore ISI assumed coverage on Talen Energy in a report on Friday, February 21st. They set an “outperform” rating for the company. Finally, Daiwa Capital Markets assumed 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. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy currently has an average rating of “Buy” and a consensus target price of $247.10.

Talen Energy Stock Performance

Shares of TLN opened at $207.95 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. The stock has a 50-day moving average of $223.01 and a 200-day moving average of $178.65. The company has a market cap of $10.58 billion, a PE ratio of 11.13, a P/E/G ratio of 2.70 and a beta of 1.70. Talen Energy Corporation has a one year low of $74.50 and a one year high of $258.03.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 6,475,107 shares in the company, valued at $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by company insiders.

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.