William Blair Investment Management LLC Invests $239.98 Million in Talen Energy Corporation (NASDAQ:TLN)

William Blair Investment Management LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,191,166 shares of the utilities provider's stock, valued at approximately $239,984,000. William Blair Investment Management LLC owned approximately 2.34% of Talen Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd acquired a new stake in Talen Energy during the third quarter worth about $520,000. JPMorgan Chase & Co. purchased a new position in Talen Energy in the third quarter valued at $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Talen Energy in the fourth quarter worth about $240,000. Monarch Alternative Capital LP purchased a new stake in shares of Talen Energy during the 3rd quarter worth about $258,448,000. Finally, First Sabrepoint Capital Management LP acquired a new stake in shares of Talen Energy during the 3rd quarter valued at about $6,238,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Trading Up 0.9 %

Shares of NASDAQ:TLN traded up $1.85 during midday trading on Friday, reaching $214.81. 1,268,342 shares of the company's stock were exchanged, compared to its average volume of 1,111,980. The firm's 50 day simple moving average is $219.21 and its two-hundred day simple moving average is $187.02. 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 debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 2.70 and a beta of 2.00.

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Analyst Ratings Changes

TLN has been the topic of a number of recent analyst reports. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research report on Wednesday, March 5th. Bank of America began coverage on shares of Talen Energy in a research report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. Oppenheimer raised their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Evercore ISI initiated coverage on Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating on the stock. Finally, Barclays dropped their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $241.36.

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.