Talen Energy Corporation (NASDAQ:TLN) Stock Position Increased by Stifel Financial Corp

Stifel Financial Corp grew its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,325 shares of the utilities provider's stock after purchasing an additional 6,747 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of Talen Energy worth $5,707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Talen Energy by 7,285.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 517 shares of the utilities provider's stock worth $104,000 after acquiring an additional 510 shares in the last quarter. Covalis Capital LLP lifted its stake in shares of Talen Energy by 288.5% in the fourth quarter. Covalis Capital LLP now owns 72,951 shares of the utilities provider's stock worth $14,697,000 after acquiring an additional 54,175 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Talen Energy by 881.0% in the fourth quarter. First Trust Advisors LP now owns 43,891 shares of the utilities provider's stock worth $8,843,000 after buying an additional 39,417 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Talen Energy in the 4th quarter worth about $248,000. Finally, Charter Oak Advisors LP acquired a new position in Talen Energy in the fourth quarter worth about $21,759,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

Talen Energy stock traded up $2.60 during mid-day trading on Friday, hitting $225.94. 720,021 shares of the company's stock traded hands, compared to its average volume of 1,105,665. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.03. The company has a market cap of $10.28 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. The firm has a 50 day moving average price of $200.93 and a 200 day moving average price of $207.31. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays dropped their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. UBS Group reduced their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating for the company. JPMorgan Chase & Co. dropped their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Morgan Stanley initiated coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price for the company. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy presently has a consensus rating of "Buy" and a consensus 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.