Altshuler Shaham Ltd Acquires Shares of 1,232 Talen Energy Corporation (NASDAQ:TLN)

Altshuler Shaham Ltd purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,232 shares of the utilities provider's stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TLN. BNP Paribas Financial Markets purchased a new stake in Talen Energy during the 3rd quarter worth about $36,000. Allworth Financial LP increased its holdings in shares of Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new stake in Talen Energy during the 4th quarter worth $37,000. Geneos Wealth Management Inc. purchased a new position in Talen Energy during the 4th quarter worth $39,000. Finally, Empowered Funds LLC purchased a new stake in shares of Talen Energy in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research report on Wednesday, March 5th. Morgan Stanley assumed coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. Evercore ISI initiated coverage on Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating for the company. Finally, Barclays lowered their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $240.18.

Talen Energy Stock Performance

TLN stock traded up $8.14 on Tuesday, reaching $199.51. 225,014 shares of the company were exchanged, compared to its average volume of 1,118,776. The firm has a market capitalization of $9.08 billion, a PE ratio of 10.72, a PEG ratio of 2.70 and a beta of 1.93. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The stock's fifty day moving average price is $204.70 and its 200 day moving average price is $200.80. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

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.