FDx Advisors Inc. Acquires New Holdings in Talen Energy Corporation (NASDAQ:TLN)

FDx Advisors Inc. bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,008 shares of the utilities provider’s stock, valued at approximately $203,000.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy in the 3rd quarter worth approximately $36,000. Allworth Financial LP lifted its stake in Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 116 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in Talen Energy during the fourth quarter worth $39,000. Empowered Funds LLC purchased a new position in shares of Talen Energy during the fourth quarter worth $42,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Talen Energy in the fourth quarter valued at $152,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TLN. Evercore ISI assumed coverage on Talen Energy in a research note on Friday. They set an “outperform” rating on the stock. Oppenheimer increased 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 started coverage on shares of Talen Energy in a report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective for the company. UBS Group increased their target price on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Barclays raised their price target on shares of Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $247.10.

Talen Energy Price Performance

Talen Energy stock opened at $218.80 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The company has a fifty day simple moving average of $222.20 and a 200-day simple moving average of $175.84. The stock has a market cap of $11.13 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. Talen Energy Corporation has a 12-month low of $67.55 and a 12-month high of $258.03.

Insider Buying and Selling at Talen Energy

In related 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 stock was 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

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.