Barclays PLC Has $11.69 Million Holdings in Talen Energy Corporation (NASDAQ:TLN)

Barclays PLC boosted its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 400.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,030 shares of the utilities provider's stock after acquiring an additional 46,430 shares during the quarter. Barclays PLC owned about 0.11% of Talen Energy worth $11,692,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TLN. Vanguard Group Inc. boosted its position in shares of Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after buying an additional 256,414 shares during the period. William Blair Investment Management LLC acquired a new stake in Talen Energy during the fourth quarter worth about $239,984,000. Invesco Ltd. raised its position in shares of Talen Energy by 32.8% during the 4th quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after purchasing an additional 161,269 shares during the period. Pictet Asset Management Holding SA bought a new stake in Talen Energy in the fourth quarter valued at $101,931,000. Finally, Clearbridge Investments LLC acquired a new position in Talen Energy during the 4th quarter valued at about $88,065,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TLN shares. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a report on Wednesday, March 5th. Bank of America assumed coverage on Talen Energy in a research note on Monday, February 3rd. They set a "buy" rating and a $253.00 target price on the stock. UBS Group cut their price objective on Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a report on Friday, April 11th. Barclays reduced their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Finally, Morgan Stanley started coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective on the stock. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $240.18.

Talen Energy Price Performance

Shares of NASDAQ TLN traded up $0.17 during trading hours on Friday, hitting $211.18. 501,338 shares of the stock were exchanged, compared to its average volume of 1,114,488. The company's fifty day simple moving average is $202.50 and its two-hundred day simple moving average is $202.42. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The company has a market cap of $9.61 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93.

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.