Dilation Capital Management LP Buys Shares of 13,475 Talen Energy Corporation (NASDAQ:TLN)

Dilation Capital Management LP purchased a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,475 shares of the utilities provider's stock, valued at approximately $2,715,000. Talen Energy accounts for about 2.5% of Dilation Capital Management LP's portfolio, making the stock its 16th biggest position.

Several other large investors have also added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in shares of 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 purchasing an additional 116 shares during the period. Jones Financial Companies Lllp purchased a new position in Talen Energy during the fourth quarter valued at $37,000. Geneos Wealth Management Inc. bought a new stake in shares of Talen Energy during the 4th quarter valued at $39,000. Empowered Funds LLC purchased a new stake in shares of Talen Energy in the 4th quarter worth about $42,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Talen Energy in the 4th quarter worth about $53,000. Institutional investors own 0.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TLN. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a report on Wednesday, March 5th. 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 for the company. Bank of America assumed coverage on Talen Energy in a research report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target for the company. Evercore ISI assumed coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating on the stock. Finally, Barclays decreased their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $240.18.

Talen Energy Stock Performance

TLN traded up $0.55 during mid-day trading on Friday, reaching $211.56. 703,847 shares of the company traded hands, compared to its average volume of 1,114,897. The company's fifty day moving average price is $201.72 and its 200-day moving average price is $203.01. The stock has a market capitalization of $9.63 billion, a P/E ratio of 11.33, a P/E/G ratio of 2.70 and a beta of 1.93. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03.

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.