Petra Financial Advisors Inc. Buys Shares of 2,806 Talen Energy Corporation (NASDAQ:TLN)

Petra Financial Advisors Inc. bought a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,806 shares of the utilities provider's stock, valued at approximately $565,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rubric Capital Management LP purchased a new stake in Talen Energy during the 3rd quarter worth $2,026,342,000. Monarch Alternative Capital LP acquired a new position in shares of Talen Energy during the third quarter worth about $258,448,000. William Blair Investment Management LLC purchased a new stake in shares of Talen Energy in the fourth quarter worth about $239,984,000. Mirabella Financial Services LLP acquired a new stake in shares of Talen Energy in the third quarter valued at about $168,108,000. Finally, Sachem Head Capital Management LP purchased a new stake in shares of Talen Energy during the 3rd quarter valued at about $167,724,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Performance

Shares of NASDAQ TLN traded up $1.85 during mid-day trading on Friday, hitting $214.81. The company had a trading volume of 1,268,342 shares, compared to its average volume of 1,111,980. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 2.70 and a beta of 2.00. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The firm's 50 day simple moving average is $219.21 and its two-hundred day simple moving average is $187.02.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group upped their price target on Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Morgan Stanley initiated coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price for the company. Oppenheimer lifted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. Finally, Barclays dropped their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy has an average rating of "Buy" and a consensus price target of $241.36.

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.