Situational Awareness LP Makes New Investment in Talen Energy Corporation (NASDAQ:TLN)

Situational Awareness LP acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 138,878 shares of the utilities provider's stock, valued at approximately $27,980,000. Talen Energy accounts for 11.0% of Situational Awareness LP's holdings, making the stock its 4th largest position. Situational Awareness LP owned approximately 0.27% of Talen Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rubric Capital Management LP bought a new stake in Talen Energy in the 3rd quarter worth $2,026,342,000. Vanguard Group Inc. boosted its holdings in shares of Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after purchasing an additional 256,414 shares during the period. Monarch Alternative Capital LP bought a new stake in shares of Talen Energy in the third quarter worth about $258,448,000. William Blair Investment Management LLC purchased a new position in Talen Energy during the 4th quarter valued at about $239,984,000. Finally, Sachem Head Capital Management LP bought a new position in Talen Energy during the 3rd quarter valued at approximately $167,724,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

Shares of NASDAQ TLN traded down $5.31 during midday trading on Friday, hitting $197.48. 849,915 shares of the company's stock traded hands, compared to its average volume of 1,122,763. The firm has a fifty day moving average of $217.31 and a 200 day moving average of $191.31. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $258.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00.

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Analyst Upgrades and Downgrades

TLN has been the topic of a number of recent analyst reports. Oppenheimer lifted their price objective on Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Morgan Stanley assumed coverage on shares of Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective for the company. Barclays lowered their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Finally, Evercore ISI initiated coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy currently has a consensus rating of "Buy" and a consensus price target 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.