Ninepoint Partners LP purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,699 shares of the utilities provider's stock, valued at approximately $1,350,000.
Other large investors also recently modified their holdings of the company. Rubric Capital Management LP purchased a new position in Talen Energy in the third quarter worth $2,026,342,000. Monarch Alternative Capital LP bought a new stake in Talen Energy during the 3rd quarter valued at $258,448,000. Mirabella Financial Services LLP purchased a new stake in Talen Energy during the 3rd quarter worth about $168,108,000. Sachem Head Capital Management LP bought a new position in shares of Talen Energy in the third quarter valued at approximately $167,724,000. Finally, FMR LLC bought a new position in Talen Energy in the 3rd quarter valued at $141,363,000. Institutional investors own 0.38% of the company's stock.
Talen Energy Stock Up 1.3 %
Shares of NASDAQ:TLN traded up $2.66 on Thursday, hitting $212.96. 760,311 shares of the company traded hands, compared to its average volume of 1,111,115. The company has a market cap of $9.79 billion, a PE ratio of 11.40, a PEG ratio of 2.70 and a beta of 2.00. The stock has a 50 day simple moving average of $219.27 and a 200-day simple moving average of $186.84. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week high of $258.03. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.
Wall Street Analyst Weigh In
TLN has been the subject of a number of research analyst reports. Barclays dropped their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Evercore ISI assumed coverage on Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating on the stock. Morgan Stanley began coverage on shares of Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target for the company. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a report on Wednesday, March 5th. Finally, UBS Group lifted their target price on shares of Talen Energy from $242.00 to $269.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $241.36.
Check Out Our Latest Report on TLN
Talen Energy Company Profile
(
Free Report)
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.
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