Swiss National Bank Purchases New Position in Talen Energy Corporation (NASDAQ:TLN)

Swiss National Bank acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 70,200 shares of the utilities provider’s stock, valued at approximately $14,143,000. Swiss National Bank owned about 0.14% of Talen Energy at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TLN. XTX Topco Ltd bought a new position in Talen Energy in the 3rd quarter valued at approximately $520,000. JPMorgan Chase & Co. bought a new position in shares of Talen Energy during the third quarter valued at $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Talen Energy during the fourth quarter worth $240,000. Monarch Alternative Capital LP acquired a new position in shares of Talen Energy during the third quarter worth $258,448,000. Finally, First Sabrepoint Capital Management LP acquired a new stake in Talen Energy in the third quarter valued at $6,238,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Up 3.7 %

Shares of NASDAQ TLN opened at $210.30 on Thursday. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The firm has a market cap of $9.67 billion, a PE ratio of 11.26, a P/E/G ratio of 2.70 and a beta of 2.00. The company’s fifty day simple moving average is $219.27 and its 200 day simple moving average is $186.84.

Analysts Set New Price Targets

Several brokerages have commented on TLN. Evercore ISI initiated coverage on Talen Energy in a report on Friday, February 21st. They set an “outperform” rating on the stock. Morgan Stanley started coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price objective on the stock. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research report on Wednesday, March 5th. UBS Group boosted their price target on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Bank of America initiated coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective for the company. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy currently has a consensus 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.