996 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 996 shares of the utilities provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of Talen Energy in the third quarter worth $36,000. Allworth Financial LP increased its holdings in Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after buying an additional 116 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Talen Energy in the 4th quarter worth about $37,000. Geneos Wealth Management Inc. bought a new position in Talen Energy during the 4th quarter valued at about $39,000. Finally, Empowered Funds LLC purchased a new stake in shares of Talen Energy during the 4th quarter valued at about $42,000. 0.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TLN. Morgan Stanley started 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. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. JPMorgan Chase & Co. dropped 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 started coverage on Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating for the company. Finally, UBS Group increased their target price on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $241.09.

Talen Energy Stock Down 3.5 %

TLN stock opened at $196.39 on Friday. The business’s 50-day moving average price is $209.78 and its 200-day moving average price is $196.56. The stock has a market cap of $8.94 billion, a P/E ratio of 10.51, a PEG ratio of 2.70 and a beta of 1.93. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03.

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.