Talen Energy Corporation (NASDAQ:TLN) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 68.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,955 shares of the utilities provider's stock after acquiring an additional 4,029 shares during the quarter. Russell Investments Group Ltd.'s holdings in Talen Energy were worth $2,006,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TLN. Vanguard Group Inc. increased 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 purchasing an additional 256,414 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Talen Energy in the fourth quarter valued at $239,984,000. Pictet Asset Management Holding SA purchased a new stake in Talen Energy during the 4th quarter worth about $101,931,000. Clearbridge Investments LLC acquired a new position in Talen Energy in the 4th quarter valued at about $88,065,000. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Talen Energy by 1.4% during the 4th quarter. Loomis Sayles & Co. L P now owns 216,116 shares of the utilities provider's stock worth $43,541,000 after purchasing an additional 2,972 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Up 2.5 %

Shares of TLN stock traded up $5.08 on Thursday, hitting $209.74. The stock had a trading volume of 54,140 shares, compared to its average volume of 1,114,896. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 2.70 and a beta of 1.93. 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 stock's 50 day moving average is $203.11 and its 200-day moving average is $201.84.

Wall Street Analysts Forecast Growth

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