LPL Financial LLC Grows Stock Position in Talen Energy Corporation (NASDAQ:TLN)

LPL Financial LLC increased its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 234.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 23,490 shares of the utilities provider's stock after acquiring an additional 16,476 shares during the period. LPL Financial LLC's holdings in Talen Energy were worth $4,733,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TLN. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Talen Energy in the 4th quarter valued at $666,000. Sei Investments Co. raised its stake in shares of Talen Energy by 109.4% during the 4th quarter. Sei Investments Co. now owns 59,686 shares of the utilities provider's stock worth $12,024,000 after buying an additional 31,180 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Talen Energy in the fourth quarter valued at approximately $3,282,000. Whittier Trust Co. grew its holdings in Talen Energy by 61,069.8% during the fourth quarter. Whittier Trust Co. now owns 32,420 shares of the utilities provider's stock worth $6,531,000 after acquiring an additional 32,367 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Talen Energy in the fourth quarter valued at $824,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Morgan Stanley started coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. JPMorgan Chase & Co. dropped 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. UBS Group decreased their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a report on Wednesday, March 5th. Finally, Bank of America began coverage on Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy presently has an average rating of "Buy" and a consensus target price of $240.18.

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Talen Energy Price Performance

TLN stock traded up $1.51 during trading on Tuesday, hitting $201.74. The stock had a trading volume of 76,154 shares, compared to its average volume of 1,127,214. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. The company's 50 day moving average price is $208.34 and its two-hundred day moving average price is $198.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

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.