Talen Energy Corporation (NASDAQ:TLN) Stake Raised by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 23.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,797 shares of the utilities provider's stock after buying an additional 3,000 shares during the quarter. Price T Rowe Associates Inc. MD's holdings in Talen Energy were worth $3,183,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TLN. JPMorgan Chase & Co. acquired a new stake in Talen Energy during the 3rd quarter valued at approximately $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy during the fourth quarter worth approximately $240,000. Vanguard Group Inc. increased its stake in shares of Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after buying an additional 256,414 shares during the last quarter. Rhumbline Advisers raised its holdings in Talen Energy by 37.3% in the fourth quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider's stock valued at $1,114,000 after acquiring an additional 1,503 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Talen Energy during the 4th quarter valued at $5,794,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded down $3.35 on Friday, hitting $225.26. The company's stock had a trading volume of 801,933 shares, 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 stock's 50-day moving average is $203.56 and its two-hundred day moving average is $209.78. 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 company has a market capitalization of $10.25 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90.

Analyst Ratings Changes

TLN has been the topic of a number of recent analyst reports. Barclays cut their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. UBS Group reduced their target price on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Evercore ISI began coverage on Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating on the stock. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered 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 note on Friday, March 28th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average 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.