Norges Bank Makes New Investment in Talen Energy Corporation (NASDAQ:TLN)

Norges Bank bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,992 shares of the utilities provider's stock, valued at approximately $2,819,000.

A number of other hedge funds also recently modified their holdings of TLN. BNP Paribas Financial Markets purchased a new stake in shares of Talen Energy during the 3rd quarter worth about $36,000. Allworth Financial LP increased its stake in shares of Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Talen Energy during the 4th quarter valued at $37,000. Geneos Wealth Management Inc. acquired a new position in Talen Energy during the fourth quarter worth $39,000. Finally, Empowered Funds LLC bought a new position in Talen Energy during the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TLN shares. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research note on Wednesday, March 5th. Evercore ISI started coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Barclays decreased their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. Morgan Stanley assumed coverage on 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. lowered their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $240.18.

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Talen Energy Price Performance

Shares of TLN traded up $2.19 during mid-day trading on Monday, reaching $200.23. The company had a trading volume of 554,929 shares, compared to its average volume of 1,132,422. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The company has a market capitalization of $9.11 billion, a P/E ratio of 10.72, a P/E/G ratio of 2.70 and a beta of 1.93. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The company's 50-day moving average is $209.05 and its 200-day moving average is $197.63.

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.