Banco BTG Pactual S.A. Makes New $341,000 Investment in Talen Energy Corporation (NASDAQ:TLN)

Banco BTG Pactual S.A. acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,605 shares of the utilities provider's stock, valued at approximately $341,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TLN. Allworth Financial LP grew its holdings in shares of Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Talen Energy in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. bought a new stake in shares of Talen Energy during the fourth quarter worth $39,000. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy during the third quarter worth $36,000. Finally, Empowered Funds LLC bought a new position in shares of Talen Energy in the 4th quarter valued at $42,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Stock Down 2.6 %

TLN stock traded down $5.31 during mid-day trading on Friday, reaching $197.48. 849,915 shares of the company traded hands, compared to its average volume of 1,122,763. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 2.70 and a beta of 2.00. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The firm's 50 day moving average price is $217.31 and its 200 day moving average price is $191.31. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Remove Ads

Analysts Set New Price Targets

TLN has been the topic of a number of research reports. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Oppenheimer upped their price objective on Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. UBS Group lifted their target price on shares of Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Bank of America started coverage on shares of Talen Energy in a research report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target for the company. Finally, Barclays cut their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy presently has an average rating of "Buy" and an average target price of $241.09.

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.