Zurcher Kantonalbank Zurich Cantonalbank Buys New Stake in Talen Energy Corporation (NASDAQ:TLN)

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 9,044 shares of the utilities provider’s stock, valued at approximately $1,822,000.

Several other large investors have also recently made changes to their positions in the company. Rubric Capital Management LP acquired a new position in Talen Energy during the third quarter worth $2,026,342,000. Monarch Alternative Capital LP acquired a new position in Talen Energy during the third quarter worth $258,448,000. Mirabella Financial Services LLP acquired a new position in Talen Energy during the third quarter worth $168,108,000. Sachem Head Capital Management LP acquired a new position in Talen Energy during the third quarter worth $167,724,000. Finally, FMR LLC acquired a new position in Talen Energy during the third quarter worth $141,363,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Trading Up 1.0 %

Shares of TLN opened at $207.00 on Tuesday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The firm has a 50-day moving average price of $219.57 and a 200 day moving average price of $186.06. The firm has a market capitalization of $9.51 billion, a P/E ratio of 11.08, a P/E/G ratio of 2.70 and a beta of 2.00.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a report on Wednesday, March 5th. Bank of America initiated coverage on shares of Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price for the company. Morgan Stanley initiated coverage on shares of Talen Energy in a report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 target price for the company. Finally, Evercore ISI initiated coverage on shares of Talen Energy in a report on Friday, February 21st. They set an “outperform” rating for the company. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target 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.