Loomis Sayles & Co. L P Has $43.54 Million Position in Talen Energy Corporation (NASDAQ:TLN)

Loomis Sayles & Co. L P boosted its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,116 shares of the utilities provider's stock after purchasing an additional 2,972 shares during the quarter. Loomis Sayles & Co. L P owned about 0.43% of Talen Energy worth $43,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banco BTG Pactual S.A. acquired a new position in shares of Talen Energy in the fourth quarter valued at approximately $341,000. Situational Awareness LP bought a new stake in Talen Energy in the 4th quarter valued at $27,980,000. Cannon Global Investment Management LLC acquired a new position in Talen Energy in the 4th quarter valued at $625,000. Vanguard Group Inc. increased its position in Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after buying an additional 256,414 shares during the period. Finally, LPL Financial LLC increased its position in Talen Energy by 234.9% during the fourth quarter. LPL Financial LLC now owns 23,490 shares of the utilities provider's stock worth $4,733,000 after acquiring an additional 16,476 shares during the period. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Price Performance

Shares of TLN traded up $4.31 during mid-day trading on Tuesday, reaching $203.98. The company had a trading volume of 152,443 shares, compared to its average volume of 1,115,997. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 2.70 and a beta of 2.00. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company's 50 day simple moving average is $216.61 and its 200 day simple moving average is $192.38. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03.

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Wall Street Analyst Weigh In

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

About Talen Energy

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.