Knights of Columbus Asset Advisors LLC Takes Position in Talen Energy Corporation (NASDAQ:TLN)

Knights of Columbus Asset Advisors LLC purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,306 shares of the utilities provider's stock, valued at approximately $666,000.

Other institutional investors have also modified their holdings of the company. Sei Investments Co. grew its holdings in Talen Energy by 109.4% during the fourth quarter. Sei Investments Co. now owns 59,686 shares of the utilities provider's stock worth $12,024,000 after acquiring an additional 31,180 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in Talen Energy in the 4th quarter worth approximately $3,282,000. Whittier Trust Co. grew its stake in shares of Talen Energy by 61,069.8% during the 4th quarter. Whittier Trust Co. now owns 32,420 shares of the utilities provider's stock worth $6,531,000 after purchasing an additional 32,367 shares during the period. Magnetar Financial LLC purchased a new position in shares of Talen Energy during the 4th quarter valued at approximately $824,000. Finally, Teacher Retirement System of Texas purchased a new stake in Talen Energy during the fourth quarter worth $409,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TLN shares. Oppenheimer lifted their price objective 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. Evercore ISI assumed coverage on Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating for the company. Bank of America started coverage on Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price objective on the stock. Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price on the stock. Finally, UBS Group boosted their price target on shares of Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $241.36.

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Talen Energy Price Performance

TLN traded down $1.31 on Tuesday, hitting $217.65. 753,394 shares of the company's stock were exchanged, compared to its average volume of 1,112,583. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 2.70 and a beta of 2.00. The firm has a 50-day moving average price of $219.20 and a 200-day moving average price of $189.39. 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 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.