FIL Ltd Buys Shares of 217,481 Talen Energy Corporation (NASDAQ:TLN)

FIL Ltd purchased a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 217,481 shares of the utilities provider's stock, valued at approximately $43,816,000. FIL Ltd owned 0.43% of Talen Energy as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after acquiring an additional 256,414 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Talen Energy during the fourth quarter valued at approximately $239,984,000. Invesco Ltd. boosted its position in shares of Talen Energy by 32.8% during the fourth 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. Geode Capital Management LLC acquired a new stake in Talen Energy in the 3rd quarter valued at approximately $100,317,000. Finally, Pictet Asset Management Holding SA bought a new stake in Talen Energy during the 4th quarter valued at $101,931,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Bank of America assumed coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 price target on the stock. Evercore ISI began coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. UBS Group lowered their target price on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday. Morgan Stanley assumed coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price 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 investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $240.18.

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Talen Energy Stock Performance

Shares of TLN stock traded up $2.19 during mid-day trading on Monday, reaching $200.23. The stock had a trading volume of 554,929 shares, compared to its average volume of 1,132,422. The firm has a market cap of $9.11 billion, a PE ratio of 10.72, a P/E/G ratio of 2.70 and a beta of 1.93. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.03. The firm's 50 day simple moving average is $208.34 and its 200 day simple moving average is $198.18. 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 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.