Capital Fund Management S.A. Acquires Shares of 30,079 Talen Energy Corporation (NASDAQ:TLN)

Capital Fund Management S.A. bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 30,079 shares of the utilities provider's stock, valued at approximately $6,060,000. Capital Fund Management S.A. owned 0.06% of Talen Energy at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy during the third quarter worth about $36,000. Allworth Financial LP boosted its position 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 acquiring an additional 116 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Talen Energy during the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. acquired a new stake in shares of Talen Energy in the fourth quarter valued at approximately $39,000. Finally, Empowered Funds LLC bought a new stake in shares of Talen Energy in the fourth quarter worth $42,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded up $2.70 during trading on Tuesday, reaching $202.93. 540,525 shares of the stock were exchanged, compared to its average volume of 1,129,358. The firm has a market cap of $9.24 billion, a PE ratio of 10.86, a PEG ratio of 2.70 and a beta of 1.93. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The stock has a 50-day moving average price of $207.62 and a 200-day moving average price of $198.21.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TLN. UBS Group decreased their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research report on Friday. Bank of America initiated coverage on Talen Energy in a research report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research report on Wednesday, March 5th. Evercore ISI started coverage on Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating on the stock. Finally, Morgan Stanley assumed coverage on Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective on the stock. Twelve 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 a consensus target price 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.