Navellier & Associates Inc. Buys 2,159 Shares of Talen Energy Corporation (NASDAQ:TLN)

Navellier & Associates Inc. lifted its stake in Talen Energy Corporation (NASDAQ:TLN) by 77.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,932 shares of the utilities provider’s stock after buying an additional 2,159 shares during the period. Navellier & Associates Inc.’s holdings in Talen Energy were worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TLN. Rubric Capital Management LP bought a new stake in shares of Talen Energy in the third quarter valued at approximately $2,026,342,000. River Road Asset Management LLC bought a new stake in Talen Energy during the third quarter worth $277,653,000. Monarch Alternative Capital LP bought a new stake in Talen Energy during the third quarter worth $258,448,000. Mirabella Financial Services LLP bought a new stake in Talen Energy during the third quarter worth $168,108,000. Finally, Sachem Head Capital Management LP bought a new stake in Talen Energy during the third quarter worth $167,724,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Stock Performance

NASDAQ TLN opened at $218.80 on Friday. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.70 and a beta of 1.70. Talen Energy Corporation has a twelve month low of $67.55 and a twelve month high of $258.03. The stock has a fifty day simple moving average of $222.20 and a 200 day simple moving average of $176.32. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Insider Activity at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on TLN. Bank of America began coverage on Talen Energy in a research note on Monday, February 3rd. They set a “buy” rating and a $253.00 target price for the company. Barclays upped their target price on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Evercore ISI assumed coverage on Talen Energy in a research note on Friday. They set an “outperform” rating for the company. Daiwa Capital Markets assumed 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, UBS Group increased their price target on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $247.10.

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.