Cinctive Capital Management LP Has $6.62 Million Stock Position in Talen Energy Corporation (NASDAQ:TLN)

Cinctive Capital Management LP lifted its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 443.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,871 shares of the utilities provider's stock after purchasing an additional 26,820 shares during the period. Cinctive Capital Management LP owned about 0.06% of Talen Energy worth $6,623,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TLN shares. Bank of America initiated coverage on Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 price objective for the company. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Oppenheimer lifted their price objective on Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Finally, Barclays dropped their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $241.09.

Talen Energy Stock Performance

Shares of Talen Energy stock traded up $6.14 on Monday, reaching $180.54. The stock had a trading volume of 753,544 shares, compared to its average volume of 1,127,816. 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 business's 50-day moving average price is $212.51 and its two-hundred day moving average price is $194.49. The stock has a market cap of $8.22 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03.

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.