Sei Investments Co. Boosts Stock Position in Talen Energy Corporation (NASDAQ:TLN)

Sei Investments Co. lifted its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 109.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,686 shares of the utilities provider's stock after buying an additional 31,180 shares during the quarter. Sei Investments Co. owned about 0.12% of Talen Energy worth $12,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TLN. Monarch Alternative Capital LP bought a new stake in shares of Talen Energy in the 3rd quarter valued at $258,448,000. William Blair Investment Management LLC acquired a new position in Talen Energy during the fourth quarter worth $239,984,000. Sachem Head Capital Management LP bought a new position in shares of Talen Energy in the third quarter valued at $167,724,000. FMR LLC acquired a new position in shares of Talen Energy during the third quarter valued at about $141,363,000. Finally, Atalan Capital Partners LP bought a new stake in shares of Talen Energy during the third quarter worth about $126,016,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

Shares of TLN traded down $30.32 during trading hours on Thursday, reaching $184.41. 1,608,060 shares of the company's stock traded hands, compared to its average volume of 1,122,836. The firm's 50 day simple moving average is $213.92 and its 200-day simple moving average is $193.08. The stock has a market cap of $8.39 billion, a PE ratio of 9.87, 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 Corporation has a 12 month low of $98.50 and a 12 month high of $258.03.

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Analysts Set New Price Targets

Several research analysts recently issued reports on TLN shares. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research report on Wednesday, March 5th. Bank of America initiated coverage on Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 target price for the company. UBS Group boosted their price target on shares of Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Evercore ISI began coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $241.09.

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.