1,470 Shares in Talen Energy Corporation (NASDAQ:TLN) Bought by Summit Financial LLC

Summit Financial LLC acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,470 shares of the utilities provider's stock, valued at approximately $296,000.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its stake in shares of Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Talen Energy during the 4th quarter valued at $37,000. Geneos Wealth Management Inc. purchased a new position in Talen Energy in the 4th quarter worth $39,000. BNP Paribas Financial Markets bought a new stake in Talen Energy in the third quarter worth $36,000. Finally, Empowered Funds LLC purchased a new stake in Talen Energy during the fourth quarter valued at about $42,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Trading Up 5.4 %

Shares of NASDAQ:TLN traded up $9.81 on Tuesday, hitting $192.87. The company had a trading volume of 391,009 shares, compared to its average volume of 1,127,471. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $258.03. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The firm's 50-day simple moving average is $212.33 and its two-hundred day simple moving average is $194.99. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 2.70 and a beta of 1.93.

Analyst Ratings Changes

Several research firms have recently commented on TLN. Barclays decreased their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. UBS Group boosted their price objective on Talen Energy from $242.00 to $269.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Bank of America began coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Finally, Morgan Stanley began coverage on shares of Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target on the stock. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy currently has an average rating of "Buy" and an average price target of $241.09.

About Talen Energy

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.