Aristeia Capital L.L.C. Invests $228,000 in Talen Energy Corporation (NASDAQ:TLN)

Aristeia Capital L.L.C. acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,130 shares of the utilities provider's stock, valued at approximately $228,000.

A number of other large investors have also bought and sold shares of TLN. Tidal Investments LLC acquired a new stake in shares of Talen Energy in the 3rd quarter valued at about $304,000. JPMorgan Chase & Co. bought a new stake in Talen Energy in the 3rd quarter valued at approximately $23,482,000. Everence Capital Management Inc. acquired a new position in Talen Energy during the 4th quarter worth approximately $276,000. Capital Market Strategies LLC acquired a new stake in shares of Talen Energy in the fourth quarter valued at approximately $252,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Talen Energy in the fourth quarter valued at approximately $1,365,000. 0.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TLN shares. Barclays decreased their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Evercore ISI initiated coverage on Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating on the stock. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research report on Wednesday, March 5th. UBS Group lowered their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley started coverage on Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective on the stock. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy currently has a consensus rating of "Buy" and a consensus price target of $240.18.

Talen Energy Price Performance

NASDAQ:TLN opened at $225.94 on Friday. The company has a market cap of $10.28 billion, a P/E ratio of 12.10, a P/E/G ratio of 2.70 and a beta of 1.93. The firm's fifty day moving average price is $200.93 and its two-hundred day moving average price is $207.88. 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 current ratio of 4.10 and a quick ratio of 3.37.

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.

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