Dark Forest Capital Management LP Acquires Shares of 5,316 Talen Energy Corporation (NASDAQ:TLN)

Dark Forest Capital Management LP bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,316 shares of the utilities provider's stock, valued at approximately $1,071,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC bought a new position in shares of Talen Energy during the 4th quarter valued at about $239,984,000. Pictet Asset Management Holding SA acquired a new stake in shares of Talen Energy during the fourth quarter worth $101,931,000. Clearbridge Investments LLC purchased a new stake in shares of Talen Energy during the fourth quarter valued at $88,065,000. Vanguard Group Inc. boosted its position in shares of Talen Energy by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after purchasing an additional 256,414 shares during the period. Finally, FIL Ltd purchased a new position in Talen Energy in the 4th quarter worth about $43,816,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Performance

Shares of NASDAQ TLN traded up $1.78 during trading hours on Tuesday, reaching $215.21. The stock had a trading volume of 196,408 shares, compared to its average volume of 1,237,668. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month 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. The business's fifty day moving average is $201.02 and its two-hundred day moving average is $204.70. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 2.70 and a beta of 1.93.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI assumed coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating for the company. Barclays reduced their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. Morgan Stanley assumed coverage on Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. Bank of America began coverage on Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective for the company. Finally, Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average 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.