Y Intercept Hong Kong Ltd Purchases Shares of 9,857 Talen Energy Corporation (NASDAQ:TLN)

Y Intercept Hong Kong Ltd acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,857 shares of the utilities provider’s stock, valued at approximately $1,986,000.

A number of other hedge funds also recently made changes to their positions in TLN. XTX Topco Ltd purchased a new position in Talen Energy in the 3rd quarter worth $520,000. JPMorgan Chase & Co. bought a new stake in shares of Talen Energy during the 3rd quarter valued at about $23,482,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Talen Energy during the 4th quarter valued at about $240,000. Roubaix Capital LLC bought a new stake in shares of Talen Energy during the 3rd quarter valued at about $11,234,000. Finally, Monarch Alternative Capital LP bought a new stake in Talen Energy during the third quarter worth about $258,448,000. 0.38% of the stock is owned by institutional investors.

Insider Buying and Selling 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 on Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction 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 trade represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on TLN. Bank of America began coverage on shares of Talen Energy in a research note on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective on the stock. Daiwa Capital Markets started coverage on shares of Talen Energy in a report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price objective for the company. Oppenheimer upped their target price on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays upped their target price on shares of Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Finally, UBS Group increased their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock 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.com, the stock currently has an average rating of “Buy” and an average target price of $247.10.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $211.59 on Wednesday. Talen Energy Corporation has a fifty-two week low of $69.06 and a fifty-two 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 fifty day moving average price of $222.45 and a 200 day moving average price of $178.23. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 2.70 and a beta of 1.70.

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.