Swiss National Bank Invests $14.14 Million in Talen Energy Corporation (NASDAQ:TLN)

Swiss National Bank purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 70,200 shares of the utilities provider's stock, valued at approximately $14,143,000. Swiss National Bank owned approximately 0.14% of Talen Energy as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new stake in Talen Energy during the third quarter valued at about $36,000. Allworth Financial LP raised its position in Talen Energy by 170.6% during 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 in the last quarter. Jones Financial Companies Lllp purchased a new stake in Talen Energy during the fourth quarter valued at about $37,000. Geneos Wealth Management Inc. purchased a new position in shares of Talen Energy in the fourth quarter worth about $39,000. Finally, Empowered Funds LLC purchased a new position in shares of Talen Energy in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Up 0.9 %

Talen Energy stock traded up $1.85 during trading hours on Friday, hitting $214.81. 1,268,342 shares of the stock traded hands, compared to its average volume of 1,111,399. The firm's 50-day moving average price is $219.07 and its two-hundred day moving average price is $188.19. 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 company has a market cap of $9.87 billion, a PE ratio of 11.50, a PEG ratio of 2.70 and a beta of 2.00. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.03.

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Wall Street Analysts Forecast Growth

TLN has been the topic of several 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 report on Monday, December 9th. UBS Group boosted their price target on Talen Energy from $242.00 to $269.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Morgan Stanley initiated coverage on Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. Barclays reduced their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Finally, Daiwa Capital Markets set a $200.00 price target on Talen Energy in a report on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $241.36.

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.