BTG Pactual Asset Management US LLC Buys New Shares in Talen Energy Corporation (NASDAQ:TLN)

BTG Pactual Asset Management US LLC purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,640 shares of the utilities provider's stock, valued at approximately $330,000.

Other large investors also recently modified their holdings of the company. Wedbush Securities Inc. grew its holdings in Talen Energy by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock worth $254,000 after purchasing an additional 61 shares during the period. Allworth Financial LP increased its position in 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 buying an additional 116 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Talen Energy during the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. bought a new position in Talen Energy in the fourth quarter worth approximately $39,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Talen Energy during the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

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

Talen Energy Price Performance

NASDAQ TLN traded up $0.26 during trading on Friday, reaching $203.46. The company's stock had a trading volume of 649,626 shares, compared to its average volume of 1,125,105. The stock has a market capitalization of $9.26 billion, a PE ratio of 10.89, a P/E/G ratio of 2.70 and a beta of 1.93. 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 fifty day moving average of $206.21 and a 200 day moving average of $198.81. Talen Energy Corporation has a one year low of $98.50 and a one 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.