Diversify Advisory Services LLC Makes New $5.79 Million Investment in Talen Energy Corporation (NASDAQ:TLN)

Diversify Advisory Services LLC bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,121 shares of the utilities provider’s stock, valued at approximately $5,794,000. Diversify Advisory Services LLC owned about 0.05% of Talen Energy at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TLN. XTX Topco Ltd acquired a new position in Talen Energy during the third quarter worth $520,000. JPMorgan Chase & Co. purchased a new position in shares of Talen Energy during the 3rd quarter worth $23,482,000. Roubaix Capital LLC acquired a new position in shares of Talen Energy during the 3rd quarter valued at about $11,234,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Talen Energy in the fourth quarter valued at about $240,000. Finally, Monarch Alternative Capital LP acquired a new stake in Talen Energy during the third quarter worth about $258,448,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on TLN. Guggenheim increased their price target on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. UBS Group raised their target price on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Oppenheimer lifted their target price on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. started coverage on Talen Energy in a report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price target for the company. Finally, Royal Bank of Canada assumed coverage on shares of Talen Energy in a report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price objective on the stock. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $225.10.

Talen Energy Stock Up 0.3 %

Shares of NASDAQ:TLN opened at $234.95 on Monday. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a fifty-two week low of $64.51 and a fifty-two week high of $236.86. The stock has a market cap of $11.95 billion and a price-to-earnings ratio of 12.58. The firm’s 50 day moving average price is $211.10 and its 200 day moving average price is $153.79.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company’s stock in a transaction on Friday, December 13th. The shares were 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 owns 6,475,107 shares in the company, valued at $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 SEC, which is available at this hyperlink.

Talen Energy 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.