Schonfeld Strategic Advisors LLC Raises Stake in Talen Energy Corporation (NASDAQ:TLN)

Schonfeld Strategic Advisors LLC grew its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 210.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,781 shares of the utilities provider's stock after purchasing an additional 14,080 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Talen Energy were worth $4,187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in shares of Talen Energy in the third quarter valued at approximately $304,000. JPMorgan Chase & Co. purchased a new stake in Talen Energy during the 3rd quarter worth approximately $23,482,000. Everence Capital Management Inc. acquired a new position in shares of Talen Energy during the fourth quarter valued at approximately $276,000. Capital Market Strategies LLC acquired a new position in shares of Talen Energy during the fourth quarter valued at approximately $252,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Talen Energy during the fourth quarter worth about $1,365,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Performance

Shares of TLN traded up $12.44 during midday trading on Tuesday, reaching $234.72. 1,398,324 shares of the stock were exchanged, compared to its average volume of 1,105,451. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. 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 capitalization of $10.68 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 2.70 and a beta of 1.90. The business's 50-day moving average price is $201.02 and its 200 day moving average price is $208.80.

Wall Street Analyst Weigh In

Several research firms have issued reports on TLN. Barclays cut their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. UBS Group dropped their price objective on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a report on Friday, April 11th. Morgan Stanley started coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price on the stock. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. cut 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. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average 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.