Greenland Capital Management LP Buys New Stake in Talen Energy Corporation (NASDAQ:TLN)

Greenland Capital Management LP acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,000 shares of the utilities provider's stock, valued at approximately $806,000.

Other hedge funds have also made changes to their positions in the company. XTX Topco Ltd purchased a new stake in shares of Talen Energy during the third quarter valued at $520,000. JPMorgan Chase & Co. purchased a new stake in Talen Energy during the third quarter valued at about $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Talen Energy in the fourth quarter worth about $240,000. First Sabrepoint Capital Management LP purchased a new position in shares of Talen Energy in the third quarter worth approximately $6,238,000. Finally, Vanguard Group Inc. raised its holdings 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 valued at $964,302,000 after acquiring an additional 256,414 shares during the period. Institutional investors and hedge funds own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TLN shares. Evercore ISI assumed coverage on shares of Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating on the stock. JPMorgan Chase & Co. reduced their price objective on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Barclays lowered their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note 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 price target for the company. Finally, UBS Group cut their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research report on Friday. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $240.18.

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Talen Energy Stock Performance

Shares of TLN stock traded up $2.54 during trading hours on Monday, reaching $200.58. 198,183 shares of the company's stock were exchanged, compared to its average volume of 1,130,682. The business has a fifty day moving average price of $209.05 and a 200-day moving average price of $197.63. The stock has a market capitalization of $9.13 billion, a P/E ratio of 10.74, 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 fifty-two week low of $98.50 and a fifty-two 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.