Quantessence Capital LLC Acquires Shares of 5,673 Talen Energy Corporation (NASDAQ:TLN)

Quantessence Capital LLC purchased a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,673 shares of the utilities provider's stock, valued at approximately $1,143,000.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in Talen Energy in the third quarter valued at about $23,482,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Talen Energy in the 4th quarter worth approximately $240,000. Vanguard Group Inc. raised its stake in shares of Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after acquiring an additional 256,414 shares in the last quarter. Rhumbline Advisers lifted its position in Talen Energy by 37.3% during 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 during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in Talen Energy in the fourth quarter valued at approximately $5,794,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

NASDAQ TLN traded up $0.55 on Friday, reaching $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 fifty-two week low of $98.50 and a fifty-two week high of $258.03. 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 has a market cap of $9.63 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 2.70 and a beta of 1.93. The stock has a 50 day moving average price of $201.72 and a 200-day moving average price of $203.55.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TLN shares. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a report on Wednesday, March 5th. UBS Group lowered their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a report on Friday, April 11th. Evercore ISI began coverage on shares of Talen Energy in a report on Friday, February 21st. They set an "outperform" rating on the stock. 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 for the company. Finally, Bank of America initiated coverage on shares of Talen Energy in a research note on Monday, February 3rd. They set a "buy" rating and a $253.00 price target on the stock. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $240.18.

Talen Energy 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.