PFG Advisors Takes $376,000 Position in Talen Energy Corporation (NASDAQ:TLN)

PFG Advisors acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,867 shares of the utilities provider's stock, valued at approximately $376,000.

Several other hedge funds have also recently bought and sold shares of the stock. Rubric Capital Management LP acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $2,026,342,000. Monarch Alternative Capital LP acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $258,448,000. Mirabella Financial Services LLP acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $168,108,000. Sachem Head Capital Management LP acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $167,724,000. Finally, FMR LLC acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $141,363,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on TLN. Bank of America started coverage on shares of Talen Energy in a research report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target for the company. UBS Group lifted their price objective 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. Barclays decreased their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley initiated coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price on the stock. Finally, Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $241.36.

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Talen Energy Trading Up 3.7 %

TLN stock traded up $7.55 during midday trading on Wednesday, hitting $210.30. The stock had a trading volume of 1,037,669 shares, compared to its average volume of 1,113,512. The business has a fifty day moving average price of $219.37 and a two-hundred day moving average price of $186.68. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The firm has a market cap of $9.67 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

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.