5,316 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 5,316 shares of the utilities provider's stock, valued at approximately $1,071,000.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of Talen Energy by 170.6% during the fourth 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 valued at about $37,000. Geneos Wealth Management Inc. purchased a new position in shares of Talen Energy during the fourth quarter valued at about $39,000. Empowered Funds LLC bought a new stake in shares of Talen Energy in the fourth quarter worth about $42,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Talen Energy in the fourth quarter worth about $53,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Trading Up 0.3 %

Shares of NASDAQ:TLN traded up $0.55 during trading hours on Friday, hitting $211.56. 703,847 shares of the company's stock traded hands, compared to its average volume of 1,114,897. The firm has a market capitalization of $9.63 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. The business has a fifty day moving average price of $201.72 and a 200-day moving average price of $203.55. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $258.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America assumed coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 price target for the company. Morgan Stanley started coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target on the stock. Evercore ISI assumed coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating for the company. Barclays reduced their target price 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy has a consensus rating of "Buy" and an average price target of $240.18.

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.