Dilation Capital Management LP Invests $2.72 Million in Talen Energy Corporation (NASDAQ:TLN)

Dilation Capital Management LP bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,475 shares of the utilities provider's stock, valued at approximately $2,715,000. Talen Energy makes up 2.5% of Dilation Capital Management LP's holdings, making the stock its 16th largest position.

Several other hedge funds have also modified their holdings of the business. Allworth Financial LP boosted its stake in shares of Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Talen Energy in the fourth quarter valued at $37,000. Geneos Wealth Management Inc. acquired a new position in shares of Talen Energy during the 4th quarter worth $39,000. Empowered Funds LLC purchased a new stake in shares of Talen Energy in the 4th quarter worth about $42,000. Finally, Whipplewood Advisors LLC acquired a new stake in Talen Energy in the 4th quarter valued at about $53,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Up 0.3 %

Shares of NASDAQ:TLN traded up $0.55 during midday trading on Friday, hitting $211.56. 703,847 shares of the company's stock traded hands, compared to its average volume of 1,114,897. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The company has a market cap of $9.63 billion, a PE ratio of 11.33, 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. The firm's fifty day moving average price is $201.72 and its two-hundred day moving average price is $203.55.

Wall Street Analysts Forecast Growth

TLN has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Barclays dropped their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Bank of America assumed coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. Finally, UBS Group lowered their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a report on Friday, April 11th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $240.18.

About Talen Energy

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.