4,088 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by Magnetar Financial LLC

Magnetar Financial LLC purchased a new position in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,088 shares of the utilities provider’s stock, valued at approximately $824,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rubric Capital Management LP purchased a new stake in Talen Energy in the 3rd quarter worth approximately $2,026,342,000. Monarch Alternative Capital LP purchased a new stake in Talen Energy in the 3rd quarter worth approximately $258,448,000. William Blair Investment Management LLC purchased a new stake in Talen Energy in the 4th quarter worth approximately $239,984,000. Mirabella Financial Services LLP purchased a new stake in Talen Energy in the 3rd quarter worth approximately $168,108,000. Finally, Sachem Head Capital Management LP purchased a new stake in Talen Energy in the 3rd quarter worth approximately $167,724,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Up 0.9 %

Shares of TLN stock opened at $214.81 on Friday. The stock’s fifty day moving average is $219.07 and its two-hundred day moving average is $187.70. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The firm has a market capitalization of $9.87 billion, a P/E ratio of 11.50, a PEG ratio of 2.70 and a beta of 2.00. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TLN shares. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Barclays decreased their target price 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. Oppenheimer increased their target price on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. UBS Group increased their target price on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Evercore ISI assumed coverage on Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating on the stock. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average 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.