Quantessence Capital LLC Acquires New Position in Talen Energy Corporation (NASDAQ:TLN)

Quantessence Capital LLC bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,673 shares of the utilities provider's stock, valued at approximately $1,143,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TLN. Allworth Financial LP increased its holdings in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 116 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Talen Energy in the 4th quarter worth about $37,000. Geneos Wealth Management Inc. purchased a new stake in shares of Talen Energy during the 4th quarter worth approximately $39,000. Empowered Funds LLC purchased a new position in shares of Talen Energy during the 4th quarter valued at $42,000. Finally, Whipplewood Advisors LLC bought a new position in Talen Energy during the fourth quarter worth about $53,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Trading Up 1.4 %

Shares of NASDAQ TLN traded up $3.02 during midday trading on Friday, hitting $214.03. The company's stock had a trading volume of 17,484 shares, compared to its average volume of 1,111,510. The firm has a market cap of $9.74 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The business's 50 day moving average is $202.50 and its two-hundred day moving average is $202.42.

Analyst Ratings Changes

A number of analysts recently issued reports on TLN shares. Bank of America started coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective on the stock. Evercore ISI began coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating on the stock. 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. Morgan Stanley assumed coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price for the company. Finally, Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $240.18.

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.