Vanguard Group Inc. Increases Stake in Talen Energy Corporation (NASDAQ:TLN)

Vanguard Group Inc. boosted its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,786,331 shares of the utilities provider's stock after purchasing an additional 256,414 shares during the quarter. Vanguard Group Inc. owned about 9.41% of Talen Energy worth $964,302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TLN. The Manufacturers Life Insurance Company purchased a new stake in shares of Talen Energy in the third quarter worth approximately $2,624,000. FMR LLC bought a new stake in Talen Energy during the third quarter worth $141,363,000. BNP Paribas Financial Markets purchased a new stake in Talen Energy in the 3rd quarter valued at $36,000. Bridgewater Associates LP bought a new position in Talen Energy during the 3rd quarter valued at $4,277,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Talen Energy during the 3rd quarter worth $543,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Trading Up 1.2 %

Shares of NASDAQ TLN traded up $2.55 during midday trading on Wednesday, hitting $209.99. 134,039 shares of the company traded hands, compared to its average volume of 1,115,150. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The firm has a market cap of $9.56 billion, a P/E ratio of 11.12, a P/E/G ratio of 2.70 and a beta of 2.00. The stock has a 50-day moving average price of $215.88 and a 200 day moving average price of $192.99. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

Wall Street Analyst Weigh In

TLN has been the subject of several analyst reports. Oppenheimer increased their target price on shares of Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Barclays dropped their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target for the company. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Finally, Bank of America began 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. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $241.09.

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.