Itau Unibanco Holding S.A. Buys Shares of 2,099 Talen Energy Corporation (NASDAQ:TLN)

Itau Unibanco Holding S.A. acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,099 shares of the utilities provider's stock, valued at approximately $423,000.

A number of other large investors also recently made changes to their positions in the stock. Allworth Financial LP lifted its stake in Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Talen Energy during the fourth quarter worth about $37,000. Geneos Wealth Management Inc. acquired a new position in Talen Energy during the fourth quarter valued at approximately $39,000. Empowered Funds LLC bought a new position in Talen Energy in the fourth quarter valued at approximately $42,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Talen Energy during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Price Performance

Shares of NASDAQ TLN traded down $3.66 during mid-day trading on Monday, hitting $222.28. 768,461 shares of the stock traded hands, compared to its average volume of 1,104,028. 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 company has a market cap of $10.12 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The firm has a 50 day simple moving average of $200.93 and a two-hundred day simple moving average of $208.46.

Analysts Set New Price Targets

TLN has been the topic of several research analyst reports. Evercore ISI assumed coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Bank of America initiated coverage on Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. UBS Group decreased their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley initiated coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target for the company. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy presently has a consensus rating of "Buy" and a consensus target price 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.