World Equity Group Inc. Has $662,000 Holdings in Talen Energy Corporation (NASDAQ:TLN)

World Equity Group Inc. boosted its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 146.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,284 shares of the utilities provider’s stock after purchasing an additional 1,954 shares during the quarter. World Equity Group Inc.’s holdings in Talen Energy were worth $662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC acquired a new position in shares of Talen Energy in the 3rd quarter valued at about $361,000. Riggs Asset Managment Co. Inc. acquired a new position in shares of Talen Energy in the 3rd quarter valued at about $1,001,000. Roubaix Capital LLC acquired a new position in shares of Talen Energy in the 3rd quarter valued at about $11,234,000. Yacktman Asset Management LP acquired a new position in shares of Talen Energy in the 3rd quarter valued at about $79,299,000. Finally, River Road Asset Management LLC acquired a new position in shares of Talen Energy in the 3rd quarter valued at about $277,653,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the 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 completion of the sale, the insider now directly owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Talen Energy Stock Down 7.5 %

Shares of Talen Energy stock opened at $218.80 on Monday. The stock has a market capitalization of $11.13 billion, a P/E ratio of 11.71, a PEG ratio of 2.70 and a beta of 1.70. 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 stock has a 50 day moving average price of $222.20 and a two-hundred day moving average price of $176.78. Talen Energy Corporation has a 12-month low of $67.55 and a 12-month high of $258.03.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TLN. Oppenheimer upped 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. Bank of America began coverage on Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target for the company. Evercore ISI began coverage on Talen Energy in a research note on Friday. They issued an “outperform” rating for the company. Daiwa Capital Markets began coverage on Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price target for the company. Finally, Barclays boosted their price target on Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy has an average rating of “Buy” and a consensus price target of $247.10.

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.