BW Gestao de Investimentos Ltda. Purchases New Position in Talen Energy Corporation (NASDAQ:TLN)

BW Gestao de Investimentos Ltda. acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 32,756 shares of the utilities provider's stock, valued at approximately $6,599,000. BW Gestao de Investimentos Ltda. owned approximately 0.06% of Talen Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after acquiring an additional 256,414 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Talen Energy during the 4th quarter valued at approximately $239,984,000. Lone Pine Capital LLC raised its holdings in Talen Energy by 27.2% during the 4th quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock valued at $219,477,000 after buying an additional 233,165 shares during the period. Invesco Ltd. increased its position in Talen Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock valued at $131,455,000 after acquiring an additional 161,269 shares during the last quarter. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Talen Energy in the fourth quarter valued at $101,931,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded down $3.41 during trading on Wednesday, hitting $231.31. The stock had a trading volume of 1,386,130 shares, compared to its average volume of 1,106,965. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. The stock has a 50-day simple moving average of $202.15 and a two-hundred day simple moving average of $209.13.

Analysts Set New Price Targets

Several equities analysts recently commented on TLN shares. Morgan Stanley started coverage on shares of Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. UBS Group cut their price objective 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. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research note on Wednesday, March 5th. Bank of America started coverage on Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price for the company. Finally, Barclays decreased their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $240.18.

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.