Barclays PLC Purchases 46,430 Shares of Talen Energy Corporation (NASDAQ:TLN)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. William Blair Investment Management LLC bought a new position in Talen Energy in the 4th quarter valued at $239,984,000. Pictet Asset Management Holding SA bought a new stake in Talen Energy during the fourth quarter valued at $101,931,000. Clearbridge Investments LLC bought a new stake in Talen Energy during the fourth quarter valued at $88,065,000. Vanguard Group Inc. grew its position in Talen Energy by 5.7% during 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 in the last quarter. Finally, FIL Ltd bought a new position in Talen Energy in the 4th quarter worth about $43,816,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Trading Up 0.3 %

Shares of TLN traded up $0.55 during trading hours on Friday, hitting $211.56. The company had a trading volume of 703,847 shares, compared to its average volume of 1,114,897. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The stock's 50 day moving average price is $201.72 and its 200 day moving average price is $203.01. The firm has a market cap of $9.63 billion, a P/E ratio of 11.33, a P/E/G ratio of 2.70 and a beta of 1.93.

Analysts Set New Price Targets

Several brokerages have recently commented on TLN. 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 dropped 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 report on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Morgan Stanley assumed coverage on shares of Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective for the company. Finally, Evercore ISI initiated coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $240.18.

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.