4D Advisors LLC Purchases Shares of 22,500 Talen Energy Corporation (NASDAQ:TLN)

4D Advisors LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 22,500 shares of the utilities provider's stock, valued at approximately $4,533,000. Talen Energy makes up approximately 3.2% of 4D Advisors LLC's holdings, making the stock its 12th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its stake in shares of Talen Energy by 5.1% in the 4th quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock valued at $254,000 after purchasing an additional 61 shares in the last quarter. Allworth Financial LP raised its holdings in Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Talen Energy in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. bought a new stake in Talen Energy in the fourth quarter valued at about $39,000. Finally, Empowered Funds LLC bought a new stake in shares of Talen Energy in the 4th quarter valued at about $42,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Down 1.6 %

Shares of Talen Energy stock traded down $3.66 during trading on Monday, hitting $222.28. The company's stock had a trading volume of 768,461 shares, compared to its average volume of 1,104,028. 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 company has a fifty day simple moving average of $201.02 and a two-hundred day simple moving average of $208.80. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week high of $258.03. The company has a market capitalization of $10.12 billion, a PE ratio of 11.90, a P/E/G ratio of 2.70 and a beta of 1.90.

Analyst Ratings Changes

Several equities research analysts have issued reports on TLN shares. JPMorgan Chase & Co. lowered their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Morgan Stanley initiated coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective for the company. Bank of America assumed coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 price target for the company. Barclays lowered their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Finally, Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a report on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $240.18.

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.