DRW Securities LLC Increases Stock Position in Talen Energy Corporation (NASDAQ:TLN)

DRW Securities LLC lifted its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,950 shares of the utilities provider's stock after acquiring an additional 4,950 shares during the period. DRW Securities LLC's holdings in Talen Energy were worth $4,019,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in Talen Energy in the 4th quarter worth approximately $1,109,000. Greenland Capital Management LP acquired a new stake in Talen Energy in the fourth quarter valued at approximately $806,000. FIL Ltd acquired a new stake in Talen Energy in the fourth quarter valued at approximately $43,816,000. Invesco Ltd. raised its stake in shares of Talen Energy by 32.8% during the 4th quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after buying an additional 161,269 shares during the period. Finally, Bank of Montreal Can purchased a new position in shares of Talen Energy during the 4th quarter valued at approximately $1,224,000. Institutional investors own 0.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TLN. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. Barclays dropped their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Bank of America began coverage on shares of Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Morgan Stanley initiated coverage on shares of Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective for the company. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $240.18.

Remove Ads

Talen Energy Stock Down 0.8 %

NASDAQ TLN traded down $1.56 during trading hours on Monday, hitting $196.48. 234,504 shares of the company were exchanged, compared to its average volume of 1,130,862. The company has a 50 day moving average of $209.05 and a two-hundred day moving average of $197.63. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 2.70 and a beta of 1.93. 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.