SPX Gestao de Recursos Ltda Boosts Holdings in Talen Energy Corporation (NASDAQ:TLN)

SPX Gestao de Recursos Ltda lifted its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 44.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,810 shares of the utilities provider's stock after purchasing an additional 23,000 shares during the period. Talen Energy comprises 2.3% of SPX Gestao de Recursos Ltda's holdings, making the stock its 15th biggest position. SPX Gestao de Recursos Ltda owned 0.15% of Talen Energy worth $15,072,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Talen Energy in the 4th quarter worth approximately $1,822,000. Arizona State Retirement System purchased a new stake in Talen Energy during the fourth quarter valued at approximately $2,085,000. Victory Capital Management Inc. lifted its position in Talen Energy by 85.4% during the fourth quarter. Victory Capital Management Inc. now owns 9,660 shares of the utilities provider's stock valued at $1,946,000 after acquiring an additional 4,449 shares during the last quarter. ACR Alpine Capital Research LLC purchased a new stake in Talen Energy during the fourth quarter valued at approximately $2,424,000. Finally, Jones Financial Companies Lllp purchased a new stake in Talen Energy during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

TLN has been the subject of a number of analyst reports. Barclays decreased their target price on shares of 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 initiated coverage on shares of Talen Energy in a research report on Wednesday. They set an "overweight" rating and a $243.00 target price for the company. Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating for the company. Bank of America initiated coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 target price for the company. Finally, Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research note on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $241.36.

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Talen Energy Stock Performance

Shares of NASDAQ:TLN traded up $9.73 during midday trading on Friday, reaching $204.93. The company's stock had a trading volume of 1,224,455 shares, compared to its average volume of 1,116,059. The firm has a market capitalization of $9.42 billion, a PE ratio of 10.97, a P/E/G ratio of 2.70 and a beta of 2.00. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The stock has a fifty day moving average of $220.01 and a 200 day moving average of $183.77. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Talen Energy Company 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.