Talen Energy Corporation (NASDAQ:TLN) Shares Purchased by DSC Meridian Capital LP

DSC Meridian Capital LP raised its position in Talen Energy Corporation (NASDAQ:TLN) by 713.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,239 shares of the utilities provider’s stock after acquiring an additional 16,875 shares during the quarter. Talen Energy makes up approximately 1.4% of DSC Meridian Capital LP’s portfolio, making the stock its 9th biggest position. DSC Meridian Capital LP’s holdings in Talen Energy were worth $3,876,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TLN. Rubric Capital Management LP acquired a new position in Talen Energy during the third quarter worth $2,026,342,000. Monarch Alternative Capital LP purchased a new stake in shares of Talen Energy in the third quarter valued at $258,448,000. Mirabella Financial Services LLP purchased a new stake in shares of Talen Energy in the third quarter valued at $168,108,000. Sachem Head Capital Management LP purchased a new position in Talen Energy during the third quarter worth about $167,724,000. Finally, FMR LLC acquired a new stake in Talen Energy during the third quarter worth about $141,363,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business’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 transaction of $999,988,155.45. Following the completion of the sale, the insider now 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 SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TLN. UBS Group increased their target price on Talen Energy from $242.00 to $269.00 and gave the company 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 stock an “outperform” rating in a research report on Monday, December 9th. Bank of America initiated coverage on Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective for the company. Evercore ISI initiated coverage on Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating for the company. Finally, Barclays reduced their price target on Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy presently has an average rating of “Buy” and a consensus target price of $241.20.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $176.56 on Wednesday. The stock’s fifty day simple moving average is $220.90 and its 200 day simple moving average is $183.17. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The company has a market capitalization of $8.12 billion, a PE ratio of 9.45, a PEG ratio of 2.70 and a beta of 2.00. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

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.