Entropy Technologies LP Invests $765,000 in Talen Energy Corporation (NASDAQ:TLN)

Entropy Technologies LP purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, Holdings Channel.com reports. The fund purchased 3,799 shares of the utilities provider’s stock, valued at approximately $765,000.

Other institutional investors have also recently bought and sold shares of the company. Rubric Capital Management LP bought a new stake in shares of Talen Energy during the third quarter valued at approximately $2,026,342,000. River Road Asset Management LLC acquired 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 in the 3rd quarter valued at $258,448,000. Mirabella Financial Services LLP acquired a new stake in shares of Talen Energy in the 3rd quarter valued at $168,108,000. Finally, Sachem Head Capital Management LP bought a new stake in shares of Talen Energy during the third quarter worth $167,724,000. Institutional investors own 0.38% of the company’s stock.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 6,475,107 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Talen Energy Price Performance

TLN opened at $233.95 on Wednesday. The stock has a market cap of $11.90 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.92 and a beta of 1.70. Talen Energy Corporation has a 12 month low of $66.40 and a 12 month high of $258.03. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The company has a fifty day simple moving average of $218.05 and a 200 day simple moving average of $169.47.

Wall Street Analyst Weigh In

TLN has been the subject of a number of research reports. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price objective for the company. Oppenheimer lifted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Daiwa Capital Markets initiated coverage on shares of Talen Energy in a report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective on the stock. Bank of America began coverage on shares of Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price for the company. Finally, UBS Group increased their price target on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $232.00.

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.