Zurcher Kantonalbank Zurich Cantonalbank Takes $1.82 Million Position in Talen Energy Corporation (NASDAQ:TLN)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 9,044 shares of the utilities provider's stock, valued at approximately $1,822,000.

Other institutional investors have also added to or reduced their stakes in the company. Rubric Capital Management LP purchased a new position in shares of Talen Energy in the third quarter valued at $2,026,342,000. Monarch Alternative Capital LP purchased a new position in shares of Talen Energy in the third quarter valued at $258,448,000. Mirabella Financial Services LLP purchased a new position in shares of Talen Energy in the third quarter valued at $168,108,000. Sachem Head Capital Management LP purchased a new position in Talen Energy during the third quarter worth $167,724,000. Finally, FMR LLC purchased a new position in Talen Energy during the third quarter worth $141,363,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Stock Up 0.9 %

Shares of NASDAQ:TLN traded up $1.85 on Friday, reaching $214.81. The company had a trading volume of 1,267,250 shares, compared to its average volume of 1,111,980. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The firm's 50 day simple moving average is $219.21 and its 200-day simple moving average is $187.02. 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 firm has a market capitalization of $9.87 billion, a PE ratio of 11.50, a PEG ratio of 2.70 and a beta of 2.00.

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Analyst Ratings Changes

Several research firms have commented on TLN. Oppenheimer lifted their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Barclays dropped their price objective 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. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research report on Wednesday, March 5th. Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price for the company. Finally, Bank of America began coverage on Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 target price for the company. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy presently has a consensus rating of "Buy" and a consensus target price of $241.36.

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.