Edmond DE Rothschild Holding S.A. Buys 2,148 Shares of Talen Energy Corporation (NASDAQ:TLN)

Edmond DE Rothschild Holding S.A. grew its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 46.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,778 shares of the utilities provider's stock after acquiring an additional 2,148 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Talen Energy were worth $1,366,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Clearbridge Investments LLC bought a new position in Talen Energy during the 4th quarter worth approximately $88,065,000. CIBC Private Wealth Group LLC boosted its stake in shares of Talen Energy by 24,156.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 11,643 shares of the utilities provider's stock valued at $2,510,000 after purchasing an additional 11,595 shares during the period. Pictet Asset Management Holding SA bought a new position in shares of Talen Energy in the fourth quarter worth approximately $101,931,000. Norges Bank bought a new position in shares of Talen Energy in the fourth quarter worth approximately $2,819,000. Finally, Loomis Sayles & Co. L P increased its stake in shares of Talen Energy by 1.4% in the fourth quarter. Loomis Sayles & Co. L P now owns 216,116 shares of the utilities provider's stock worth $43,541,000 after buying an additional 2,972 shares during the period. 0.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TLN. Oppenheimer boosted their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. reduced their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Bank of America started coverage on Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price objective for the company. Evercore ISI assumed coverage on Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating on the stock. Finally, Morgan Stanley began coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target for the company. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy currently has a consensus rating of "Buy" and a consensus price target of $241.09.

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Talen Energy Stock Down 5.4 %

TLN traded down $10.01 during trading on Friday, reaching $174.40. The stock had a trading volume of 2,379,726 shares, compared to its average volume of 1,129,594. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 2.70 and a beta of 1.93. The stock's 50 day moving average is $212.51 and its two-hundred day moving average is $193.44. Talen Energy Corporation has a one year low of $98.50 and a one year 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.