Encompass Capital Advisors LLC Purchases Shares of 239,901 Talen Energy Corporation (NASDAQ:TLN)

Encompass Capital Advisors LLC acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 239,901 shares of the utilities provider's stock, valued at approximately $48,333,000. Talen Energy comprises about 1.9% of Encompass Capital Advisors LLC's investment portfolio, making the stock its 17th biggest holding. Encompass Capital Advisors LLC owned approximately 0.47% of Talen Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in shares of Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after buying an additional 116 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Talen Energy in the fourth quarter worth about $37,000. Geneos Wealth Management Inc. purchased a new stake in shares of Talen Energy in the fourth quarter worth about $39,000. Empowered Funds LLC purchased a new stake in shares of Talen Energy in the fourth quarter worth about $42,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Talen Energy in the fourth quarter worth about $53,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Price Performance

NASDAQ TLN traded down $3.35 on Friday, reaching $225.26. 801,933 shares of the company's stock traded hands, compared to its average volume of 1,106,061. Talen Energy Corporation has a 12 month low of $98.50 and a 12 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 stock has a 50-day simple moving average of $203.56 and a 200 day simple moving average of $210.19. The stock has a market cap of $10.25 billion, a PE ratio of 12.06, a P/E/G ratio of 2.70 and a beta of 1.90.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TLN. Bank of America began coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target on the stock. Barclays lowered their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. UBS Group lowered their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Finally, Morgan Stanley began coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price on the stock. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $240.18.

Talen Energy Company 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.