Bank of Montreal Can Invests $1.22 Million in Talen Energy Corporation (NASDAQ:TLN)

Bank of Montreal Can acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,076 shares of the utilities provider's stock, valued at approximately $1,224,000.

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

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded up $5.10 on Thursday, reaching $209.76. 63,803 shares of the company's stock were exchanged, compared to its average volume of 1,114,953. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 2.70 and a beta of 1.93. The company has a fifty day moving average of $203.11 and a 200-day moving average of $201.84. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley initiated coverage on Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective for the company. Bank of America assumed coverage on Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price for the company. UBS Group reduced their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Finally, Barclays decreased 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, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $240.18.

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.