Polymer Capital Management HK LTD Invests $1.21 Million in Talen Energy Corporation (NASDAQ:TLN)

Polymer Capital Management HK LTD bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,000 shares of the utilities provider's stock, valued at approximately $1,209,000.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy during the 3rd quarter valued at about $36,000. Allworth Financial LP boosted its holdings in shares of Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after buying an additional 116 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Talen Energy during the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy during the fourth quarter valued at approximately $39,000. Finally, Empowered Funds LLC bought a new position in Talen Energy in the fourth quarter worth approximately $42,000. Institutional investors own 0.38% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Morgan Stanley started 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. Evercore ISI began coverage on Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating on the stock. Finally, Barclays reduced their target price 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. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $240.18.

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Talen Energy Price Performance

TLN traded down $0.89 during trading on Friday, reaching $195.50. 299,078 shares of the company traded hands, compared to its average volume of 1,132,257. The company has a market cap of $8.90 billion, a P/E ratio of 10.30, a PEG ratio of 2.70 and a beta of 1.93. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The firm has a fifty day simple moving average of $209.78 and a 200 day simple moving average of $196.56.

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.