Cinctive Capital Management LP Acquires 26,820 Shares of Talen Energy Corporation (NASDAQ:TLN)

Cinctive Capital Management LP lifted its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 443.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,871 shares of the utilities provider's stock after acquiring an additional 26,820 shares during the quarter. Cinctive Capital Management LP owned approximately 0.06% of Talen Energy worth $6,623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allworth Financial LP raised its holdings in shares of Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Talen Energy in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. bought a new position in shares of Talen Energy during the 4th quarter worth approximately $39,000. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy during the 3rd quarter worth approximately $36,000. Finally, Empowered Funds LLC bought a new stake in Talen Energy in the 4th quarter valued at $42,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

Shares of TLN traded down $10.01 during trading hours on Friday, hitting $174.40. 2,379,726 shares of the company were exchanged, compared to its average volume of 1,129,594. 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 Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 2.70 and a beta of 1.93. The firm's fifty day moving average is $212.51 and its 200 day moving average is $193.44.

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Analyst Ratings Changes

A number of research firms have commented on TLN. Morgan Stanley began coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective for the company. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Oppenheimer upped their target price 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, Bank of America started coverage on Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price objective on the stock. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy presently has a consensus rating of "Buy" and a consensus 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.