Parcion Private Wealth LLC Makes New $257,000 Investment in Talen Energy Corporation (NASDAQ:TLN)

Parcion Private Wealth LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,275 shares of the utilities provider’s stock, valued at approximately $257,000.

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

Talen Energy Price Performance

Shares of Talen Energy stock opened at $248.33 on Thursday. 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 business’s 50 day simple moving average is $221.43 and its two-hundred day simple moving average is $174.65. The stock has a market capitalization of $12.63 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 2.86 and a beta of 1.70. Talen Energy Corporation has a one year low of $67.01 and a one year high of $258.03.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Oppenheimer lifted their price target on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. UBS Group lifted their price target on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Daiwa Capital Markets assumed coverage on Talen Energy in a research report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price target for the company. Bank of America assumed coverage on Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 price target for the company. Finally, Barclays lifted their price target on Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $247.10.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction that occurred 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 directly owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. The trade was a 43.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

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.