Harvest Fund Management Co. Ltd Makes New $481,000 Investment in Talen Energy Corporation (NASDAQ:TLN)

Harvest Fund Management Co. Ltd bought a new position in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, HoldingsChannel reports. The fund bought 2,391 shares of the utilities provider’s stock, valued at approximately $481,000.

Several other hedge funds also recently made changes to their positions in TLN. Petra Financial Advisors Inc. acquired a new position in Talen Energy during the 4th quarter valued at approximately $565,000. William Blair Investment Management LLC acquired a new position in Talen Energy during the 4th quarter valued at approximately $239,984,000. Creative Financial Designs Inc. ADV acquired a new position in Talen Energy during the 4th quarter valued at approximately $111,000. Ninepoint Partners LP acquired a new position in Talen Energy during the 4th quarter valued at approximately $1,350,000. Finally, Commonwealth Equity Services LLC acquired a new position in Talen Energy during the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TLN shares. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Oppenheimer boosted their price objective on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. 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 price target for the company. Barclays reduced their price target on Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Finally, Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price target for the company. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $241.36.

Talen Energy Stock Up 0.9 %

TLN opened at $214.81 on Friday. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.03. 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 stock’s fifty day moving average is $219.07 and its 200-day moving average is $187.70. The company has a market capitalization of $9.87 billion, a PE ratio of 11.50, a P/E/G ratio of 2.70 and a beta of 2.00.

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.