Situational Awareness LP Purchases New Shares in Talen Energy Corporation (NASDAQ:TLN)

Situational Awareness LP acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 138,878 shares of the utilities provider’s stock, valued at approximately $27,980,000. Talen Energy makes up approximately 11.0% of Situational Awareness LP’s holdings, making the stock its 4th largest position.

Several other hedge funds have also modified their holdings of the company. Allworth Financial LP grew its stake in Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Talen Energy in the fourth quarter valued at about $37,000. Geneos Wealth Management Inc. purchased a new stake in shares of Talen Energy during the fourth quarter worth about $39,000. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy during the 3rd quarter worth about $36,000. Finally, Empowered Funds LLC acquired a new stake in Talen Energy in the 4th quarter worth about $42,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TLN has been the topic of a number of research analyst reports. Oppenheimer lifted their price target on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Evercore ISI initiated coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an “outperform” rating on the stock. Barclays reduced their price objective on Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research report on Wednesday, March 5th. Finally, UBS Group boosted their target price on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Twelve investment 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 price target of $241.36.

Talen Energy Price Performance

TLN opened at $217.73 on Wednesday. The stock’s 50-day moving average price is $219.15 and its 200 day moving average price is $190.08. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 2.70 and a beta of 2.00. 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 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.