Cartenna Capital LP Invests $7.93 Million in Talen Energy Corporation (NASDAQ:TLN)

Cartenna Capital LP purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 39,367 shares of the utilities provider's stock, valued at approximately $7,931,000. Talen Energy makes up 0.4% of Cartenna Capital LP's holdings, making the stock its 29th biggest holding. Cartenna Capital LP owned about 0.08% of Talen Energy as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in shares of Talen Energy during the 3rd quarter worth approximately $23,482,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Talen Energy during the 4th quarter worth approximately $240,000. Vanguard Group Inc. raised its holdings in shares of Talen Energy by 5.7% during the 4th 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. Rhumbline Advisers raised its holdings in shares of Talen Energy by 37.3% during the 4th quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider's stock worth $1,114,000 after acquiring an additional 1,503 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Talen Energy during the 4th quarter valued at $5,794,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Trading Up 0.5 %

Talen Energy stock traded up $1.11 during mid-day trading on Tuesday, hitting $214.54. The company's stock had a trading volume of 219,016 shares, compared to its average volume of 1,107,864. The company has a 50 day moving average of $201.02 and a 200-day moving average of $204.70. The stock has a market cap of $9.76 billion, a PE ratio of 11.46, a P/E/G ratio of 2.70 and a beta of 1.93. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.03.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TLN. Evercore ISI began coverage on Talen Energy in a report on Friday, February 21st. They set an "outperform" rating on the stock. Barclays decreased their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Bank of America began coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 price target on the stock. Morgan Stanley began coverage on Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus 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.