Advisory Services Network LLC Invests $1.11 Million in Talen Energy Corporation (NASDAQ:TLN)

Advisory Services Network LLC acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,503 shares of the utilities provider's stock, valued at approximately $1,109,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TLN. Allworth Financial LP boosted its stake in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Talen Energy during the 4th quarter valued at about $37,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy in the fourth quarter valued at about $39,000. BNP Paribas Financial Markets purchased a new stake in shares of Talen Energy during the third quarter worth about $36,000. Finally, Empowered Funds LLC acquired a new position in shares of Talen Energy during the fourth quarter valued at about $42,000. Institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on TLN shares. JPMorgan Chase & Co. cut their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Morgan Stanley began coverage on Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective on the stock. Evercore ISI began coverage on Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating on the stock. Barclays decreased their price objective on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Finally, UBS Group reduced their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a report on Friday. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy currently has a consensus rating of "Buy" and a consensus price target of $240.18.

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Talen Energy Price Performance

Shares of NASDAQ:TLN traded up $2.70 during midday trading on Tuesday, reaching $202.93. 540,525 shares of the company's stock traded hands, compared to its average volume of 1,129,358. The company has a market cap of $9.24 billion, a P/E ratio of 10.86, a PEG ratio of 2.70 and a beta of 1.93. The company has a fifty day simple moving average of $207.62 and a two-hundred day simple moving average of $198.21. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $258.03.

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.