Knights of Columbus Asset Advisors LLC Makes New Investment in Talen Energy Corporation (NASDAQ:TLN)

Knights of Columbus Asset Advisors LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,306 shares of the utilities provider's stock, valued at approximately $666,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. acquired a new stake in shares of Talen Energy in the 3rd quarter valued at about $929,000. Natixis Advisors LLC acquired a new stake in Talen Energy during the third quarter valued at approximately $1,877,000. Thrivent Financial for Lutherans bought a new position in Talen Energy during the 3rd quarter worth approximately $8,610,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Talen Energy in the 3rd quarter worth approximately $2,226,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $77,067,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on TLN shares. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research note on Wednesday, March 5th. Bank of America initiated coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target for the company. Barclays dropped their price objective on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley initiated coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price for the company. Finally, UBS Group increased their price target on Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $241.36.

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Talen Energy Stock Performance

Shares of TLN traded down $0.30 during trading hours on Thursday, reaching $202.79. 1,146,233 shares of the company's stock traded hands, compared to its average volume of 1,113,810. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The business's fifty day simple moving average is $218.06 and its two-hundred day simple moving average is $190.25. 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 has a market capitalization of $9.23 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 2.70 and a beta of 2.00.

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.