Public Employees Retirement Association of Colorado Buys Shares of 4,528 Talen Energy Corporation (NASDAQ:TLN)

Public Employees Retirement Association of Colorado bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 4,528 shares of the utilities provider's stock, valued at approximately $912,000.

Several other institutional investors also recently bought and sold shares of TLN. Allworth Financial LP grew its position in shares of Talen Energy by 170.6% in 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 acquired a new stake in shares of Talen Energy in the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. acquired a new position in shares of Talen Energy during the 4th quarter valued at $39,000. Empowered Funds LLC acquired a new position in Talen Energy during the fourth quarter worth about $42,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Talen Energy in the 4th quarter worth approximately $53,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TLN has been the subject of several analyst reports. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a report on Wednesday, March 5th. Barclays cut their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating for the company. Morgan Stanley assumed coverage on Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective on the stock. Finally, Bank of America started coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 target price for the company. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $240.18.

Talen Energy Stock Up 1.2 %

TLN stock traded up $2.60 during midday trading on Friday, hitting $225.94. The company's stock had a trading volume of 720,021 shares, compared to its average volume of 1,105,665. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The stock has a market capitalization of $10.28 billion, a P/E ratio of 12.10, a PEG ratio of 2.70 and a beta of 1.93. 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's fifty day moving average price is $200.93 and its 200 day moving average price is $208.46.

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.