CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Purchases 64,500 Shares of Talen Energy Corporation (NASDAQ:TLN)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in Talen Energy Corporation (NASDAQ:TLN) by 144.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,200 shares of the utilities provider’s stock after buying an additional 64,500 shares during the quarter. Talen Energy accounts for approximately 1.5% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings, making the stock its 19th biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.21% of Talen Energy worth $22,001,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new position in Talen Energy during the third quarter worth $36,000. SG Americas Securities LLC bought a new position in Talen Energy during the 4th quarter valued at about $152,000. Spirit of America Management Corp NY acquired a new position in Talen Energy in the third quarter valued at about $214,000. World Equity Group Inc. bought a new stake in Talen Energy during the third quarter worth about $237,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy during the fourth quarter worth approximately $240,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Down 0.8 %

TLN opened at $245.06 on Friday. Talen Energy Corporation has a twelve month low of $64.51 and a twelve month high of $258.03. The firm has a market cap of $12.46 billion and a PE ratio of 13.12. 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’s fifty day moving average is $214.95 and its two-hundred day moving average is $158.06.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TLN shares. Barclays boosted their target price on Talen Energy from $202.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. UBS Group increased their target price on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Oppenheimer lifted their price target on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. 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 on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price for the company. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy presently has a consensus rating of “Buy” and an average price target of $225.10.

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 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 directly owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

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.