Teacher Retirement System of Texas Buys Shares of 2,030 Talen Energy Corporation (NASDAQ:TLN)

Teacher Retirement System of Texas bought a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,030 shares of the utilities provider's stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy during the third quarter worth about $36,000. Allworth Financial LP lifted its position 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 acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Talen Energy in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. purchased a new stake in shares of Talen Energy during the fourth quarter valued at approximately $39,000. Finally, Empowered Funds LLC acquired a new position in shares of Talen Energy during the fourth quarter worth $42,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Bank of America began coverage on shares of Talen Energy in a research note on Monday, February 3rd. They set a "buy" rating and a $253.00 price target on the stock. JPMorgan Chase & Co. cut their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Evercore ISI began coverage on Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating for the company. Oppenheimer lifted their price objective on Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, Morgan Stanley assumed coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target for the company. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy presently has a consensus rating of "Buy" and an average price target of $241.09.

Remove Ads

Talen Energy Stock Performance

NASDAQ TLN traded down $10.01 during trading hours on Friday, reaching $174.40. The company's stock had a trading volume of 2,379,726 shares, compared to its average volume of 1,129,594. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The business has a 50-day simple moving average of $212.51 and a 200 day simple moving average of $193.94. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week high of $258.03. The stock has a market cap of $7.94 billion, a PE ratio of 9.34, a PEG 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.