Talen Energy Corporation (NASDAQ:TLN) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 28.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,150 shares of the utilities provider’s stock after purchasing an additional 2,233 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Talen Energy were worth $2,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in Talen Energy during the 3rd quarter worth $520,000. JPMorgan Chase & Co. acquired a new position in Talen Energy during the 3rd quarter worth $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Talen Energy during the 4th quarter worth $240,000. Monarch Alternative Capital LP acquired a new position in Talen Energy during the 3rd quarter worth $258,448,000. Finally, First Sabrepoint Capital Management LP acquired a new position in Talen Energy during the 3rd quarter worth $6,238,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Talen Energy 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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Talen Energy Trading Up 3.0 %

Shares of Talen Energy stock opened at $207.95 on Monday. Talen Energy Corporation has a fifty-two week low of $74.50 and a fifty-two week high of $258.03. The firm 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. The business’s fifty day moving average is $223.23 and its two-hundred day moving average is $180.31. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

About Talen Energy

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.