Charter Oak Advisors LP Buys Shares of 108,002 Talen Energy Corporation (NASDAQ:TLN)

Charter Oak Advisors LP purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 108,002 shares of the utilities provider's stock, valued at approximately $21,759,000. Talen Energy accounts for approximately 12.5% of Charter Oak Advisors LP's investment portfolio, making the stock its 2nd biggest position. Charter Oak Advisors LP owned 0.21% of Talen Energy as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Guggenheim Capital LLC increased its position in Talen Energy by 31.4% during the 4th quarter. Guggenheim Capital LLC now owns 1,935 shares of the utilities provider's stock worth $390,000 after purchasing an additional 462 shares in the last quarter. Barclays PLC boosted its stake in Talen Energy by 400.3% in the fourth quarter. Barclays PLC now owns 58,030 shares of the utilities provider's stock valued at $11,692,000 after acquiring an additional 46,430 shares during the period. BTG Pactual Asset Management US LLC acquired a new stake in shares of Talen Energy in the fourth quarter valued at approximately $330,000. Capital Fund Management S.A. acquired a new stake in Talen Energy in the 4th quarter valued at approximately $6,060,000. Finally, DRW Securities LLC increased its holdings in shares of Talen Energy by 33.0% during the fourth quarter. DRW Securities LLC now owns 19,950 shares of the utilities provider's stock valued at $4,019,000 after purchasing an additional 4,950 shares during the period. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Down 5.7 %

NASDAQ:TLN traded down $11.65 during trading hours on Monday, hitting $191.81. 221,123 shares of the company traded hands, compared to its average volume of 1,120,574. 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 company has a market cap of $8.73 billion, a PE ratio of 10.27, a PEG ratio of 2.70 and a beta of 1.93. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.03. The firm's 50-day simple moving average is $205.60 and its 200-day simple moving average is $200.35.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TLN shares. JPMorgan Chase & Co. dropped their target price on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Evercore ISI began coverage on shares of Talen Energy in a report on Friday, February 21st. They set an "outperform" rating for the company. Morgan Stanley assumed coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a report on Wednesday, March 5th. Finally, Bank of America started coverage on Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 price objective on the stock. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price 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.