Capital Market Strategies LLC Makes New $252,000 Investment in Talen Energy Corporation (NASDAQ:TLN)

Capital Market Strategies LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, Holdings Channel reports. The firm acquired 1,250 shares of the utilities provider’s stock, valued at approximately $252,000.

A number of other hedge funds have also recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new position in Talen Energy during the third quarter valued at $36,000. Spirit of America Management Corp NY purchased a new position in shares of Talen Energy during the third quarter valued at about $214,000. World Equity Group Inc. bought a new stake in shares of Talen Energy in the third quarter worth about $237,000. Point72 Hong Kong Ltd purchased a new stake in shares of Talen Energy in the third quarter worth about $257,000. Finally, Everence Capital Management Inc. bought a new position in Talen Energy during the fourth quarter valued at approximately $276,000. Institutional investors own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group lifted their price objective on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday. Barclays upped their price objective on Talen Energy from $202.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Royal Bank of Canada began coverage on Talen Energy in a research report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective on the stock. Finally, Daiwa Capital Markets started coverage on shares of Talen Energy in a report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 target price for the company. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $225.10.

Insider Transactions at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were 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 owns 6,475,107 shares in the company, 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Talen Energy Trading Up 1.7 %

TLN stock traded up $3.66 during trading on Monday, hitting $219.25. The company had a trading volume of 278,034 shares, compared to its average volume of 612,678. The firm has a market capitalization of $11.15 billion and a P/E ratio of 11.74. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 52-week low of $62.86 and a 52-week high of $230.89. The company has a 50 day simple moving average of $204.08 and a 200-day simple moving average of $145.10.

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.