Guidance Capital Inc. Lowers Position in Talen Energy Corporation (NASDAQ:TLN)

Guidance Capital Inc. decreased its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,658 shares of the utilities provider’s stock after selling 343 shares during the quarter. Guidance Capital Inc.’s holdings in Talen Energy were worth $334,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TLN. Rubric Capital Management LP purchased a new position in Talen Energy during the third quarter valued at $2,026,342,000. River Road Asset Management LLC purchased a new position in shares of Talen Energy in the third quarter worth $277,653,000. Monarch Alternative Capital LP purchased a new position in shares of Talen Energy in the third quarter worth $258,448,000. Mirabella Financial Services LLP purchased a new position in shares of Talen Energy in the third quarter worth $168,108,000. Finally, Sachem Head Capital Management LP purchased a new position in shares of Talen Energy in the third quarter worth $167,724,000. Hedge funds and other 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 business’s stock in a transaction dated 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 in the company, valued at $1,323,188,115.45. The trade was a 43.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Ratings Changes

Several research firms have recently weighed in on TLN. Oppenheimer boosted their price target on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. UBS Group boosted their price target on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. 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. JPMorgan Chase & Co. began coverage on Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target for the company. Finally, Barclays boosted their price target on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $232.00.

Talen Energy Stock Performance

NASDAQ:TLN opened at $235.85 on Thursday. The stock has a 50-day simple moving average of $216.08 and a two-hundred day simple moving average of $165.28. Talen Energy Corporation has a 52-week low of $64.51 and a 52-week high of $258.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The firm has a market capitalization of $11.99 billion, a PE ratio of 12.63 and a beta of 1.70.

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.